Kapital building LatAm finance OS
René Saul and Fernando Sandoval, co-founders at Kapital, on the fintech opportunity in LatAm
Kapital is trying to become the default operating account for a business as it grows, not a starter tool it eventually outgrows. The product is built so a 10 person company and an 8,000 employee company use the same core screen for cash position, payables, receivables, payments, and credit, then add more workflows on top. That is why the roadmap leans toward deeper automation and finance operations, not just more card features.
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The key wedge is not the card. It is the combination of bank account, ERP style dashboard, and working capital. A business can see who owes it money, who it owes, select invoices to pay, and finance those payments inside the same workflow, which makes the product more useful as transaction volume rises.
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This is also a LatAm specific scaling story. Because e invoicing is standardized and mandatory, Kapital can automatically ingest invoice data and show a fuller picture of the company than U.S. tools like Brex or Ramp, which mostly start from card spend and connect outward into other systems.
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The proof point is that Kapital already moved beyond classic SMB size. In the 2024 interview, management said its largest customer had more than 8,000 employees, and by 2025 the company was still expanding the platform with AI reporting, automated payments, treasury, and later wealth and brokerage products after the Intercam deal.
Going forward, scaling across customer size means turning the product into a fuller finance operating system. The next layer is more automation, more advisory workflows through AI, and more attached financial products, so larger customers have fewer reasons to hand off treasury, payments, payroll, or investments to separate vendors.