Kapital's multichannel monetization strategy

Kapital’s core advantage is that it is not tied to a single fintech revenue stream. When rates are high, deposits and treasury balances become a profit center. When rates fall, working capital credit through Kapital Flex becomes more valuable. When local currencies wobble, stablecoin balances and cross border payments become the product customers need. That gives Kapital a way to stay useful, and paid, across very different Latin American market conditions.

• The mix is already visible in the numbers. In 2023, about 60% of revenue came from lending and 40% from SaaS. The SaaS dashboard creates a base subscription layer, then lending, payment fees, interchange, and treasury products add variable revenue on top.
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• Kapital Flex is especially important because it solves a daily SME problem, not a nice to have workflow. A business can use it to pay suppliers now, get inventory immediately, and repay Kapital over months as customer cash comes in, including for international vendor payments.
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• This is where Kapital differs from U.S. peers like Ramp and Brex. In the U.S., card interchange and software can carry more of the model. In LatAm, lower interchange and harsher cash flow swings make lending, deposits, and currency protection much more central to monetization.
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The next step is a fuller SME finance stack where every macro regime activates a different product. As Kapital adds payroll, contractor payments, and more treasury tooling, the business should look less like a single product neobank and more like a regional operating system for how SMEs store cash, move money, and bridge liquidity gaps.