Geopagos, the payment acceptance infrastructure that claims to have the most “comprehensive” omnichannel offering in LatAm, recently revealed that it has acquired $35 million in equity funding via a round led by Riverwood Capital, an international investor in high-growth tech firms, along with contributions from Endeavor Catalyst. The investment round represents the firm’s very first institutional financing and should facilitate/support its ongoing expansion plan in Latin America while also boosting investments in its tech infrastructure. Geopagos offers an infrastructure through which it implements comprehensive digital solutions for major financial institutions, Fintech firms, retailers, and software firms, among others, that aim to launch or scale their payment acceptance services in the area.
With an active presence in 15 different nations in LatAm, Geopagos’ infrastructure processes over 150 million transfers and over $5 billion in volume processed yearly. Its customers reportedly include firms like Santander, BBVA, Itaú, Fiserv, Bac Credomatic, Niubiz, and Banco Estado de Chile. Latin America is a market with very low card penetration and Geopagos is well positioned as a software enabler and infrastructure provider to boost card acceptance and digital payments across the region.