Base10, Cathay in $12m series-A for Lana

French private equity firm Cathay Innovation and Spanish VC-backed ride-sharing company Cabify also took part in the round.

Cathay is currently investing from its second innovation fund, which has raised €500m so far and is dedicated to supporting the development and expansion of European startups. The fund targets startups operating in a wide variety of sectors, with a special focus on the digital transformation and the industrial revolution induced by artificial intelligence, with major and cross-cutting applications for retail, financial technology, healthcare, transport and energy.

Lana plans to use the fresh capital to scale up its team, enlarge its client base, consolidate its market position in Spain, Chile and Mexico, and expand its presence to Peru, Colombia and Argentina.

Company
Established in 2018 and headquartered in Madrid, Lana offers a platform for managing payments, paying bills, and sending and receiving money. The company currently operates in Spain and Latin America.

People
Lana – Pablo Muñiz (CEO).

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• Topics
• Expansion
• Southern Europe
• Technology
• Financials
• Venture
• Cathay Capital
• Spain