Kata Software commits to an investment of $2 million to enhance software development in Latin America and the United States
Kata Software, a leading company in the Latin American technology industry, secured a convertible debt investment of $2 million on July 1st.
With this capital injection, the Mexico City-based company will strengthen its financial position to overcome the global crisis, in addition to investing resources to enter the US market with the help of its new partner, Teravision Technologies.
At the same time Kata Software will be able to increase capital for technology research and development, thus continuing to improve its SaaS solutions aimed at addressing limitations within the financial sector through Artificial Intelligence, cloud computing, and mobility.
“We thank our investors for placing their trust in Kata Software and sharing our long-term vision. With this injection of resources, we will be able to maintain our investment rhythm and strengthen our product and service offering for the financial sector and the Fintech industry”, said José Luis González de la Cerda, CEO of Kata Software.