Chile Startup Betterfly Hits Unicorn Status With $125 Million Round
- Betterfly looks to launch in seven new markets in 2022
- Fintech company raised $125 million in Series C round
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Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion.
The company is preparing to begin operations in seven new markets in 2022 -- Mexico, Colombia, Argentina, Peru, Ecuador, Panama and Costa Rica –- using the proceeds of its Series C round, according to founder and Chief Executive Officer Eduardo della Maggiora. It’s also planning to start operations in the U.S., Spain and Portugal in 2023.