Paymentez, a Latin American company that
focuses on payment platforms for virtual content, has received a
second round of funding from Capital Management Zurich to grow its
business further.

Paymentez was launched in 2011 and has
acquired a distribution network of 50 companies in Latin America
that use its platform to support their e-commerce services.

Facebook, Zynga, Sulake, Playfish, Artix,
PlaySpam, Grooveshark and Spil Games are among the 50 clients of

Since launching in 2011, the company has
processed 11.5m+ transactions. Its retail network includes 500,000
stores and Paymentez aims to double that figure by the end of

“The rapid rate of acceptance of Paymentez’
monetisation platform is a clear sign that leading virtual content
providers are realising the potential that Latin America holds and
recognise the region as a huge market,” said Stefan Hofmann,
managing director, Capital Management Zurich.

Through the Paymentez platform, consumers
can buy virtual credits online or at 500,000 retail stores and
internet cafes in exchange for cash. Paymentez also has an online
gateway through with credit card transactions and bank transfers
can be authorised. It has more than four million registered users
and processes 650 requests per second, according to an official

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By GlobalData

Paymentez has offices in Sao Paulo, Buenos
Aires, Mexico City and Bogota.