Pacto, a leading Mexico-based point-of-sale and integrated payments firm servicing bars and restaurants, raised a $4 million seed round led by Dila Capital. The funds will go toward expanding the company’s engineering, product development, and customer support teams. Additional investors in the round include Francisco Medina of Grupo FAME as well as venture capital firms FEMSA Ventures, 500 Global, August Hill, Polymath Ventures, and Georgetown Angel Investor Network. Pacto sees a tremendous opportunity in the Mexican hospitality industry, especially in its 640,000 small restaurants which are just beginning to digitize processes.
Mexico’s Pacto, a Platform for Restaurants and Bars To Manage Their Payments, Raised US$4 Million
