Despegar has raised $200 million from Waha Capital and L Catterton, using the funds for corporate expenses and the acquisition of Brazilian fintech Koin.
Information on the Target
Despegar, a prominent Argentine travel technology company, has successfully raised $200 million through two new investments. The funds are intended for various corporate expenses and potential acquisitions, enhancing its market position within the travel industry. Additionally, Despegar has finalized a deal to acquire Koin, a Brazilian fintech that specializes in online installment solutions.
Koin operates primarily through the Brazilian boleto bancário, allowing customers to pay for services in installments. Despegar has been utilizing Koin's payment solutions in Brazil since early 2019, further integrating its financial technology into their service offerings.
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Industry Overview in Argentina
The travel industry in Argentina has witnessed substantial fluctuations, particularly influenced by economic instability and the impact of the COVID-19 pan
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Disclosed details
Transaction Size: $200M
EBITDA: $-66M
Net Income: $-57M