iguama, a Miami, Fla.-based cross-border e-commerce platform serving Latin America, raised $5m in Series A financing.
The round was led by Kibo Ventures and PeopleFund.
The company will use the funds to expand operations.
Founded in 2014 by Diego Fernandez, CEO, and also led by Chief Technology Officer Weihua Yan, iguama is a cross-border e-commerce shopping club that gives Latin American consumers access to U.S. retail brands typically not available for purchase in local malls.
Members receive competitive pricing on U.S. merchandise, deals, promotions, and savings on purchases from merchants such as Nordstrom, BCBG, Target, Overstock, Juicy Couture and more. All local customs, taxes and shipping are handled by iguama.