Mexican challenger bank Fondeadora adds $14 million to its Series A

Fondeadora, a fintech startup based in Mexico City and building a challenger bank, has extended its Series A funding round, TechCrunch reports. Fondeadora is adding $14 million on top of the original $14 million it had already raised — it now represents a $28 million funding round.

Portag3 is investing in the extension. Google’s Gradient Ventures, an existing investor in the company, is putting more money in Fondeadora. Gokul Rajaram and Anatol von Hahn are investing as business angels as well.

Read more: TechCrunch