Buenos Aires-based payment acceptance startup Geopagos has raised USD $35M in its latest funding round. The round was led by Riverwood Capital, a firm with a remarkable 15-year track-record supporting top growth technology companies, with participation from Endeavor Catalyst.
The startup provides infrastructure as a service, offering a complete end-to-end digital solution for their clients, including financial institutions, fintechs, retailers, and software companies, to launch or scale their payment acceptance business in the LATAM region.
Geopagos was founded in 2013 by Sebastián Núñez Castro, Julián Lisenberg, Fernando Tauscher, Raúl Oyarzun, and Damián Harburguer. Today, they are present in 15 countries across Latin America, and their infrastructure processes more than 150 million transactions annually.
The investment will be used to develop new products in order to broaden the company’s offering, as well as enabling new payment acceptance methods and provide access to its API platform that will allow software companies and fintechs to accelerate their time to market.