| Founded | 2017 |
|---|---|
| Country | Ecuador |
| Sector | Fintech |
| Total raised | $84M (SoftBank Latin America Fund, Kaszek, 2017–2022) |
| Collapse type | Mass Layoff Spiral |
| Founder | Aron Schwarzkopf |
Kushki
"Ecuador's first unicorn raised $84M from SoftBank to be the Stripe of Latin America—then cut 60% of its workforce in 2023 as the LatAm fintech funding winter arrived."
Cascading layoffs that accelerated the decline
Key Events Timeline
Kushki was founded in Quito in 2017 by Aron Schwarzkopf and Sebastián Castro as a payment processing infrastructure company for Latin America.
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