Higo
“Can a B2B payments automation platform become the financial OS for Mexican SMBs by centralizing invoicing, approval workflows, and cash flow management?”
Founded2020
HQMexico City, Mexico
FoundersRodolfo Corcuera, Juan José Fernández, Daniel Tamayo
Total raised$26.3M
Latest roundSeries A, September 2021
IndustryFintech / B2B payments
The story
Founded in January 2020 to digitize B2B payments for Mexican SMBs that were still relying on spreadsheets and legacy bank accounts. The company raised $26.3M across a seed and Series A by late 2021, positioning itself as the 'Venmo for B2B payments' in Latin America with accounts payable automation, invoice management, and payment notifications. By 2023–2024 the company merged with or was acquired by Payana, now operating as 'Higo by Payana', a combined AP/AR and cash flow management platform for Mexican businesses.
Product timeline
2020
Founded in January 2020 by Rodolfo Corcuera, Juan José Fernández, and Daniel Tamayo as an alternative to traditional banking for B2B payments among Mexican SMBs.· pivot
2021
Raised $3.3M seed round led by Homebrew to build 'Venmo for B2B payments' in LatAm.· banking
2021
Raised $23M Series A led by Accel with participation from Tiger Global, Stripe's COO Claire Hughes-Johnson, and other angel investors; began scaling B2B payments platform.· payments
2023
Rebranded/merged under Payana, operating as 'Higo by Payana'; PitchBook lists status as Acquired/Merged.· acquisition
The stack
0 layers disclosed in Higo’s embedded-finance stack
Accounting gap: significant