EBANX is a global technology company that offers payment solutions to connect clients from rising markets and global companies, promoting access to their products and services. Through technology and a proprietary platform, EBANX enables global companies to offer local payment methods from countries in the fastest-growing regions: Latin America, Africa and Asia – all through one single integration.
OUR STORY
Since its founding in 2012, EBANX has aimed to connect rising markets and global brands through payments, to empower Latin Americans, Africans, and most recently, Indians to access international products and services, and to enable global companies to expand to these regions. In 12-years of history, the company has already helped over 1,000 merchants – some of the largest companies of the global digital economy – to expand their businesses worldwide by offering a comprehensive portfolio of the most used payment methods.
EBANX was founded in Curitiba, the capital of the state of Paraná, in Brazil, a true hub of innovation which was voted the smartest city in the world in 2023. In 2019, after years of consolidating its roots in the region and expanding across Latin America and the whole world, EBANX became the first unicorn company from Brazil’s southern region, a special milestone in EBANX history.
With global DNA since day one, the company has always had the LatAm region and other fast-growing markets on its roadmap, looking to create access in other countries through tech and payment solutions. In 2015, three years after its founding, EBANX started the expansion of its operations – first, throughout Latin America and after, to Africa and Asia.
EBANX currently serves merchants from the United States to European countries to Singapore, connecting them with a potential base of nearly 1 billion customers from 29 countries across LatAm, Africa and India.
EBANX: A TIMELINE OF GROWTH AND INNOVATION IN PAYMENTS
In 2012, Alphonse Voigt, João Del Valle, and Wagner Ruiz founded EBANX in Brazil and, in the same year, the startup was selected into the Endeavor network, becoming the smallest company in the organization’s portfolio.
In 2013, EBANX secured its first global customer, connecting a major international e-commerce player to Brazilian customers through its payment solutions. Currently, there are more than 1,000 digital commerce companies in EBANX’s portfolio that sell products and services to consumers throughout Latin America, Africa and India.
In 2014, EBANX’s preparation to expand internationally began, and in 2015, the company established operations beyond Brazil, in Mexico and Peru.
Five years later, in October 2019, EBANX became a newly minted unicorn after a follow-on investment from FTV Capital, a U.S.-based growth equity investment firm. The firm had already invested in EBANX, in January 2018.
In 2021, EBANX announced a mega investment round from Advent International: US$430 million. By that time, this was Advent International’s largest investment in a Latin American technology company, and that was the first time all four Advent’s funds including Latin American Private Equity Fund (LAPEF), Global Private Equity (GPE), Advent Tech and Sunley House Capital, participated in the same investment.
In January 2022, Africa became EBANX’s next stop, as the company expanded its operations outside Latin America for the first time, to South Africa, Kenya, and Nigeria.
2022 also marked the company’s 10th anniversary, with nearly one billion total payments processed and access provided to more than 70 million Latin Americans to global digital products and services.
In 2023, EBANX took a huge new step towards its global presence, as India became the fintech’s new market. With the expansion, the company added a new continent to its portfolio. With its technological and financial solutions, EBANX enabled global merchants to offer their Indian customers the most used local payment methods, such as UPI, a local real-time payment system which, just like Brazil’s Pix, has been revolutionizing consumption and the digital market.
Alongside with India, in 2023 EBANX also announced the expansion of its operations to eight new African countries – Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia – and two more Latin Americans – Bahamas and Jamaica, reaching 29 countries with operations.
Over more than a decade now, EBANX has been a key player in the revolution of digital payments and the digital commerce market, remaining strong on its mission of creating access for people and businesses. Through technology and payments, EBANX established itself as the leading payments partner for global companies in rising markets.
