R2

R2 is a Mexico-based embedded lending infrastructure platform that enables digital companies to offer financing solutions to small and medium-sized businesses across Latin America. Founded in 2020 by Roger Larach and Roger Teran, the company is a Y Combinator Winter 2021 graduate headquartered in Mexico City. R2 operates through an API-based, white-labeled platform that integrates with payment processors, marketplaces, point-of-sale systems, and ride-hailing apps, allowing these platforms to seamlessly offer capital to their merchant customers without taking on credit risk. The company uses machine learning and transactional data to power its AI-driven underwriting models, providing revenue-based financing that improves access to capital for underserved SMBs. R2 has partnered with major platforms including Uber, Rappi, Clip, PayU, inDrive, and Frubana, and has financed over 47,000 businesses across Mexico, Chile, Colombia, and Peru. In Mexico, R2 operates through Parhelio S.A.P.I. de C.V. S.O.F.O.M. ENR, a non-bank financial entity supervised by the Comisión Nacional Bancaria y de Valores. The company has raised significant funding, including a $15 million Series A led by Gradient Ventures in 2022, with additional equity investments from Hi Ventures, Cometa, Y Combinator, and Endeavor Catalyst, bringing total equity funding to approximately $30 million. R2 has also secured substantial debt facilities, including $100 million and $50 million warehouse credit lines from Community Investment Management to fuel its lending operations. Recent investors include Ant International, which invested in 2025 to support R2's expansion of financial access to underserved SMEs across Latin America.