📝 Overview
- 🖊️ Startup Name: Kushki
- 📍 Headquarters: Quito, Ecuador
- 📅 Year Founded: 2017
🧍 Team
- Aron Schwarzkopf → C0-Founder & CEO
- Madeleine Clavijo Verjel → C0-Founder & CRO
- Sebastián Castro Galnares → C0-Founder
🔍 Problem
In the Latin American financial landscape, businesses face a significant challenge due to the fragmentation and diversity of payment methods and banking regulations across different countries. This situation presents a substantial barrier to businesses looking to expand across Latin American borders. Each market in the region has its own preferred payment methods, currencies, and distinct financial regulations, making the financial landscape extremely varied and complex.
The absence of a unified payment processing system further compounds this challenge, as businesses are forced to integrate with multiple local providers. This not only proves to be cumbersome and inefficient but also adds considerable costs. Such fragmentation in payment systems leads to operational complexities, hindering seamless financial transactions and posing a significant obstacle to growth and expansion within the region.
💡 Solution
Kushki has developed a tailored payment platform specifically designed for the Latin American market. Their solution offers a unified payment gateway that supports a wide array of payment methods popular in the region, including local and international credit and debit cards, bank transfers, and cash payments. This unified platform facilitates cross-border transactions, enabling businesses to expand their operations more easily within Latin America. Moreover, Kushki's platform is characterized by its customization and flexibility, allowing it to cater to the specific needs of businesses in various countries.
