![]() ![]() ![]() At the time, he told Bloomberg that the company would likely look at a new funding round this year. ![]() “Our goal is to be seen as a gateway to LatAm markets for huge companies,” Del Valle said. The hiring of a new C-level and a change of roles between the co-founders are part of an ambitious growth plan focused on. Its largest operations are in Brazil, Mexico and Colombia. Eyeing a new round of investments in 2021 and preparing itself for an IPO later on, EBANX, the global payments fintech that also owns LABS, announced changes at the top of its leadership this Friday. “We haven’t set a date yet, but we are taking this IPO readiness project very seriously, and EBANX One is at the core of our business value,” said Del Valle.ĮBANX plans to have a presence in 15 countries in Latin America by the end of June. As part of its expansion efforts, the company said it would create a new platform called EBANX One that would incorporate cross-border payments and local transactions. In May, EBANX said it was looking at acquisitions in Latin America amid preparations for an IPO. Your customers will benefit from a smoother user experience as they can complete the checkout without the need to leave the stores front end. Mario Malta, managing director and head of Latin America financial services at Advent, said EBANX “the clear leader in a rapidly expanding market, serving clients that are among the fastest-growing companies in the world and helping them to sell throughout Latin America.” The Direct API of EBANX is the transparent checkout (with no redirect) solution that allows you to accept payments by all payment methods and countries directly on your domain. “Our goal has always been to … deliver a superior value proposition that makes it easier and more cost-effective for global companies to access and grow their businesses across Latin America,” said Joao Del Valle, EBANX's co-founder and CEO.ĮBANX said it has helped companies such as Amazon, Alibaba, Shopee, Spotify and Uber to conduct business with more than 70 million Latin American consumers across 15 countries through its platform. If the customer is a company, the persontype gateway specific field must be sent. For any transactions in Colombia, Brazil, Chile, or Argentina, EBANX requires a taxpayer identification number sent in the document field. The release said the cash will be used to fund “continued aggressive expansion across Latin America.” Boston-based Advent, one of the largest private-equity firms, will join FTV Capital as “key minority shareholders.” Be sure to include a billing address when creating payment methods for Spreedly to forward along to your EBANX transactions. The Curitiba-based Ebanx said in a press release that $30 million would go toward its planned initial public offering (IPO) of stock. Brazilian FinTech EBANX has captured a $430 million investment from Advent International. ![]()
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