Aleph, a Miami, FL-based provider of an ecosystem of global digital experts and technology-driven solutions that enables the growth of global digital marketing, announced the acquisition of a controlling equity interest in Localpayment, a Belgrano, City of Buenos Aires, Argentina-based payment service provider (PSP).
The amount of the deal was not disclosed.
With the acquisition, Aleph will consolidate its position in connecting digital advertising with streamlined payment solutions across various industries, including streaming, digital media, gig economies, online retail, SaaS, hospitality, travel, financial services, and entertainment.
Led by Ezequiel Israel, CEO, Localpayment, now rebranded as Localpayment by Aleph, was founded in 2018 and offers integration via a single API in 17 countries across Latin America supporting pay-in and pay-out in +640 local payment methods including credit and debit cards, bank transfers, instant and QR code payments, digital wallets, and local alternative payment methods (APMs) such as PIX in Brazil and Oxxo in Mexico. It partners with industry leaders like PayPal (NASDAQ: PYPL) and Payoneer (NASDAQ: PAYO).
Led by Gaston Taratuta, CEO, Aleph is a global network of digital experts and technology driven solutions that enables the growth of the digital ecosystem by operating in +130 countries and +70 offices, connecting over 26,000+ advertisers with over 3 billion consumers. Through sales partnerships with 60+ digital media platforms (including Amazon, Google, Microsoft, Pinterest, Reddit, Snap, Spotify, TikTok, Twitch, Uber, X and EA, among others), the company empowers businesses and communities in markets by building and supplying proprietary technologies with localized solutions, offering local teams of industry and platform experts.
Key figures highlight Aleph’s and Localpayment combined impact:
- $3+ billion total payment volume (TPV).
- 60+ platforms and 26,000+ advertisers.
- single API with 640+ payment methods.
- support for 70+ currencies and presence in 130+ countries.
FinSMEs
14/10/2024