Brazil has one more member in the group of companies valued at at least US $ 1 billion, also known as unicorns. Payments startup Ebanx said on Wednesday (16) that a new contribution from the American fund FTV Capital helped it cross the mark.
According to Estadão, Ebanx is expected to earn US $ 150 million in 2019, 50% more than last year. Much of the revenue comes from payment solutions that help foreign companies to settle in Latin America.
The Paraná startup offers its services to companies like Spotify and Airbnb (in partnership with Worldline), in addition to AliExpress, Wish and Gearbest, and expects to process more than $ 2 billion in payments this year, according to the TechCrunch.
Since September, Ebanx has been processing payments via voucher and bank transfer to Uber in Brazil and other Latin American countries. The company also became a partner of Visa, to increase electronic payments in Paraná, and of companies such as Coursera, Scribd and Shopify.
Founded in 2012, the startup also offers market intelligence solutions, analysis, anti-fraud strategies, marketing consultancy and 24-hour service for customers of partner companies in Latin America.
“We have a deep knowledge of the Latin American market. We are close to consumers and always attentive to the needs of our partner sites ”, says Ebanx co-founder and CEO, Alphonse Voigt. “To be successful in Latin America, it is very important to understand the specifics of each country, and that is exactly what Ebanx offers”.
The company had already received, in December 2017, a contribution of US $ 30 million from FTV, with participation from Endeavor Catalyst. The new investment is expected to help expand Ebanx Pay, a payment solution aimed at local businesses. The service was launched in the Brazilian market in April of this year and should be taken to Colombia in 2020.