August 8

Argentinian Fintech Infrastructure Startup Geopagos Leaves the Boot Straps Behind With $35M Funding Round

By Mary Ann Azevedo

Geopagos, a payments infrastructure startup based in Buenos Aires, has raised $35 million in a round led by Riverwood Capital.

The financing marks the company’s first ever institutional funding. Founded in 2013, the Argentinian startup serves as a white label infrastructure software provider, with the aim of giving businesses the ability to launch financial services.

Today, Geopagos has a presence in 15 Latin American countries and says it facilitates more than 150 million transactions with a processed volume of $5 billion per year.

Photo courtesy of Danial Igdery.

Source: TechCrunch (link opens in a new window)

financial inclusion, fintech, innovation, startups