EBanx, a Curitiba, Brazil-based provider of local payment methods to international merchants, raised $30m in funding.
The round was led by FTV Capital, with participation from Endeavor Catalyst Fund. As part of the transaction, FTV Capital principal Robert Anderson will join the company’s board of directors, and FTV Capital partner Chris Winship will become a board observer.
The company intends to use the funds to continue to expand its e-commerce solution to Ecuador, Uruguay, Paraguay and Bolivia and open an IT office in San Francisco.
Led by Alphonse Voigt, co-founder and CEO, EBanx provides local payment methods to international merchants, enabling them to sell their products and services to Latin America. The company offers end-to-end payment solutions across the entire cross border e-commerce transaction flow, marketing consultancy services and a 24/7 local customer support team to serve all their Latin American clients – in their own language.
It has also launched EBANX Account, a digital wallet used to track all EBANX payments and refunds, and make purchases via a prepaid virtual card, obtained U.K. Electronic Money Institution (EMI) license (e-Money license) from the Financial Conduct Authority (FCA).
Partner integrations include Google Pay.
Last year, EBanx processed $1.2 billion in cross-border transactions allowing over 30 million users from the region to gain access to major international e-commerce merchants.
Current offices include Curitiba, São Paulo and London while current markets include Brazil, Mexico, Argentina, Chile, Colombia and Peru.
FinSMEs
31/01/2018