EBANX, a Brazil-based payments services company, is expanding its operations outside Latin America, with a focus on Southeast Asia.
According to a Reuters report, EBANX is expanding immediately into Thailand, Indonesia and Turkey. The company also plans to enter Malaysia and Vietnam in the next quarter.
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Founded in 2012, EBANX operates in cross-border payments and provides end-to-end payment processing for international businesses in emerging markets.
According to its website, the company offers payment technology that connects global merchants with consumers in more than 20 countries across Latin America, Africa and Asia.
The company’s key markets include India, the Philippines and South Africa.
EBANX is backed by private equity firms Advent International and FTV Capital. It reached unicorn status in 2019.
The company has been increasing activity outside Brazil. In 2025, 65% of its gross profit came from markets outside the country, compared with 32% in 2021.
In an interview with Reuters, EBANX chief executive and co-founder Joao Del Valle said: “When a global merchant taps its global payment partner, coverage is a crucial factor.”
Del Valle said EBANX aims to launch in additional markets in early 2027, with a focus on the Middle East and Asia. The company does not disclose its total volume of payments processed.
EBANX said company’s chief product officer Eduardo de Abreu will lead its Asian operations from a new headquarters in Singapore that opened last month. However, EBANX does not offer payment services in Singapore.
Del Valle said the company will fund investments tied to this year’s expansion using cash on hand.
EBANX’s last capital increase was in 2021, when it raised $430m from Advent. The company did not disclose its valuation at the time.
It plans to undertake an initial public offering in New York in two years, depending on improved market conditions.
