GEOPAGOS RECEIVES US $35 MILLION IN A ROUND LED BY RIVERWOOD CAPITAL
Geopagos, the payment acceptance infrastructure with the most comprehensive omnichannel offering in Latin America, has announced that it has received a $35 million equity round led by Riverwood Capital, a global investor in high-growth technology companies, with participation in Endeavor Catalyst. The round represents the company’s first institutional financing and will facilitate the acceleration of its expansion plan in Latin America while increasing investments in its technological infrastructure.
Geopagos 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. The company was founded in 2013 by Sebastián Núñez Castro, Julián Lisenberg, Fernando Tauscher, Raúl Oyarzun and Damián Harburguer. As part of this investment, Alex Porto of Riverwood joins the Geopagos Board of Directors.
With a presence in 15 countries in Latin America, Geopagos’ infrastructure processes more than 150 million transactions and more than USD 5 billion in volume processed annually. Its main clients include companies such as Santander, BBVA, Itaú, Fiserv, Bac Credomatic, Niubiz, Banco Estado de Chile, among others.
The funds received will be used for the development of new products in order to expand geopagos’ omnichannel proposition, in addition to enabling new payment acceptance methods and opening its API platform for companies to accelerate time to market.
Geopagos Receives Us $35 Million In A Round Led By Riverwood Capital. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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