Mexican identity verification startup Nufi has secured $1.5 million in seed funding, marking a notable achievement in a challenging venture capital environment. Led by GPCompas and Magma Partners, the round also includes investments from Semilla Ventures, Ganas Ventures, Techstars Follow Up Fund, and AngelHub, along with several angel investors.
The startup, which has been profitable since 2023, plans to use the funding to expand national coverage, enhance document processing products, and continue developing secure digital identity solutions. Nufi's platform enables businesses across banking, fintech, insurance, proptech, and human resources sectors to verify identities and validate documents using artificial intelligence in less than five minutes.
This funding comes at a critical time when venture capital investments in Mexico dropped by over 90% in January, according to TTR Data. Nufi's successful round stands as a testament to the potential of focused, results-driven technological solutions that address real-world challenges.
Hans Villa, CEO and co-founder, emphasized the company's commitment to creating cutting-edge technology for identity verification. With over 330 B2B clients, Nufi is positioning itself as a key player in streamlining digital identity validation across Latin America.
