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February 1, 2018

Payments firm EBanx secures $30m in funding

Brazilian payments provider EBanx has raised $30m in a funding round led by FTV Capital.

FTV Capital principal Robert Anderson and partner Chris Winship will now become a board of director member and board observer at EBanx, respectively. The funding round was also joined by Endeavor Catalyst Fund.

EBanx, founded in 2012, has reached 30 million end-users and processed cross-border transactions worth $1.2bn in 2017. The firm recently secured e-money licence from UK’s Financial Conduct Authority.

Brazil, Mexico, Argentina, Chile, Colombia and Peru are the firm’s existing markets, while its existing offices are in Curitiba, Sao Paulo and London.

The firm intends to expand its services to Ecuador, Uruguay, Paraguay and Bolivia in the first semester of this year, as well as launch new sales and IT office in San Francisco.

EBANX co-founder and CEO Alphonse Voigt said: “By 2019, there will be more than 150 million online consumers throughout Latin America, and we will be central to helping facilitate this expansion seamlessly.

“Backed by more than 300 ebankers (employees), Endeavor’s know-how in high-impact entrepreneurship and FTV’s expertise with many years of payments industry experience and proven track record, we are fully poised to take EBANX to unprecedented levels of growth, serving merchants worldwide.”

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