“Can a B2B payments automation platform become the financial OS for Mexican SMBs by centralizing invoicing, approval workflows, and cash flow management?”
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.
Higo was founded by Rodolfo Corcuera, Juan José Fernández and Daniel Tamayo and is founded in 2020, headquartered in Mexico City, Mexico.
Higo has raised $26.3M in total (latest round: Series A, September 2021).
Get a read on where your own stack stands against Higo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.