Peruvian currency exchange Rextie raises round led by Grupo RPP

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Rextie, a currency exchange in Peru, announced a media-led US$1.4 million investment round RPP Group. With this capital, she will strengthen her activities in her home country and expand her activities to others in the region.

The company will also use this investment to expand its team, invest in technology and innovation, and provide more specialized service to its customers.

Grupo RPP also made a “media for equity” investment, in exchange for advertising. This means that Rextie will be able to have a media presence on the group’s national radio stations as well as on its eight websites and a television channel.

What’s next for Rextie

Claudia Quintanilla, Mateu Batle Sastre and Matías Maciel created fintech in 2016 in Peru. They are looking to hit $4 billion in transactions this year, counting from when they started.

So far, the company claims to have already reached one million operations and more than $2.4 billion in transactions. It also has in-house developed tools such as factoring, Dollar Analytics, Rextie Business and an alliance with Visa.

Through this alliance, Rextie was able to implement technology so that currency exchange could be done only through its app. Before that, you had to use two different applications (Rextie and digital bank).

In September 2021, CEO Matias Maciel said that a remittance service would be launched in the first quarter of 2022. Through it, customers could receive remittances ranging from $200 to $5,000 on average.

At the time, the CEO also mentioned that his expansion plans included Mexico as a first step.

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