Liquido, a next-generation payments company focused on Latin America, has officially launched with $26 million in funding from Index Ventures.
Founded by Shanxiang Qi, a former Uber and DiDi employee, and Mk Li, an ex-VC with experience at Google and Microsoft, Liquido has spent the past two years developing a payments infrastructure aimed at modernizing digital payment access for Latin American businesses, akin to the services provided by Stripe in the U.S.
The company has already processed over $300 million in payments during a closed beta with several leading consumer brands, using a unified and integrated API that allows merchants to accept and process various payment types—including credit and debit cards, bank transfers, digital wallets, and cash.
In addition, Liquido has introduced its Payment Plus Platform (PPP), which enhances its core payment services. This platform allows clients to create Shopify-like storefronts on popular media platforms, starting with a shop window for WhatsApp. With the PPP, businesses can showcase products, manage transactions, and explore innovative sales strategies, such as employing crowdsourced community sales representatives, organizing promotional events for loyal customers, and facilitating group buying experiences.
To boost conversion rates, PPP includes a ‘Payments Success Booster’ that offers customizable fraud detection and transaction blocking, WhatsApp payment recovery, flexible payment method switching, and smart routing and retrying options.
CEO Mk Li commented, “While developing our PPP narratives, invaluable insights and new possibilities have come from our pilot users. For instance, an early adopter initiated Facebook and Instagram ad campaigns that linked directly to their branded Liquido Store on WhatsApp. Innovative approaches like this validate our direction and reinforce our commitment to delivering the solutions our customers and users deserve in this vibrant economy.”