Geopagos, a Buenos Aires, Argentina-based Latin America's most comprehensive omnichannel payment acceptance infrastructure, announced that it raised a $35 million capital round led by Riverwood Capital, a global investor in high-growth technology companies, with participation from Endeavor Catalyst.
The round is the company's first institutional financing, and it will allow it to accelerate its Latin American expansion while increasing investments in its technological infrastructure.
The funds will be used to develop new products to expand Geopagos' omnichannel offering, as well as to enable new payment acceptance methods and open its API platform to companies to reduce time to market.
As part of this investment, Alex Porto of Riverwood joins the Geopagos Board of Directors.
Funding Month: Aug 2022
Lead Investors: Riverwood Capital
Additional Investors: Endeavour Catalyst
Company Website: https://www.geopagos.com/
Software Category: Payments Infrastructure
About the Company: Founded in 2013, Geopagos is a white-label infrastructure software service that provides an infrastructure through which it develops end-to-end digital solutions for large financial institutions, fintechs, retailers, and software companies, among others, that want to launch or scale their payment acceptance business in the region. Through Geopagos, businesses can acquire and facilitate card payments for their clients. With a presence in 15 countries in Latin America, the Geopagos infrastructure processes more than 150 million transactions and more than $5 billion in volume annually. Its main clients include companies such as Santander, BBVA, Itaú, Fiserv, Bac Credomatic, Niubiz, and Banco Estado de Chile, among others.