Bernd Becker 
EBANX, a global payment platform, announced today that it has raised $200 million in Series C funding at a post-money valuation of $1.4 billion. This brings EBANX’s total funding to $320 million, with this latest round taking the company’s total capital raised to over $440 million across the five years since its founding.
New investors, such as Wellington Management Company LLP, LGT Group and Founders Fund led the fundraising. In addition, existing investors—including Riverwood Capital, Redpoint eVentures and Kaszek Ventures—participated in the round. The round was managed via Goldman Sachs & Co LLC as exclusive Global Coordinator, Joint Bookrunner, and BBVA USA Securities LLC as Joint Bookrunner and Reinvent Capital as Financial Advisor.
EBANX plans to use the funds to continue expanding its operations globally while developing its solutions for customers in new areas such as B2B payments in Latin America and other parts of the world. The company also intends to leverage this increased capital base to invest in tech infrastructure for improving customer experience through data analytics, AI solutions and machine learning capabilities. Additionally, EBANX is looking into providing access to financial services for individuals across Latin America with its newly established banking operations.
These investments better position EBANX for long term growth supporting SMEs and larger corporations across Latin America and Asia Pacific regions with their international payment solutions needs.
EBANX secures US$430 mn investment from Advent International
Latin America-focused fintech EBANX has recently announced the completion of their latest funding round, securing US$430 mn investment from Advent International.
The investment is set to further bolster the company’s operations, allowing them to expand their portfolio of products and services and drive growth across Latin America.
Overview of EBANX
EBANX is a fintech company that provides digital payment solutions for people in Latin America to buy from companies and websites worldwide. Founded in 2012 by Brazilian entrepreneurs, the company is based in Brazil, serving around 15 million customers. It also has offices in Mexico, Colombia, Argentina and Chile, with a customer base spanning 16 countries across Latin America. This region is home to some of the most exciting digital economies, where consumers highly value local access to global goods and services.
EBANX lets its users buy from global merchants such as Amazon, Microsoft and Nike securely and with local payment methods such as credit cards or e-wallets. Furthermore, EBANX provides services beyond just payments:
- SMEs can optimise cash flow solutions or set up their local payment gateway.
- Large enterprises can access new markets.
- Banks can develop customer loyalty through a cross-border payments platform.
The recently closed funding round of US$430 mn led by Advent International is the largest received by EBANX to date. The funds will be used to expand operations; new products such as e-wallet solutions; investing in infrastructure investments; driving growth, and further improving customer experience. With these investments, EBANX is gaining an unparalleled lead in enabling eCommerce transactions across Latin America via unified payment experiences that meet consumer needs for simplicity and convenience.
Overview of Advent International
Advent International is among the largest and most experienced global private equity investors. Founded in 1984, Advent is an experienced practitioner of partnership-based investing, which helps drive global growth and liquidity. With offices on five continents, they specialise in working with businesses across Asia, Europe and Latin America to identify value investment opportunities that create long-term competitive advantage through operational improvement and organic growth potential.
Advent’s team of 170+ professionals has extensive experience across industries and private equity strategy including corporate carve-outs, sector consolidation strategies and large regional investments. Their focus is to create value by increasing the underlying performance of the businesses they work with by improving efficiency through cost optimization, creating pricing strategies that maximise margins or improving overall business operations and providing access to capital to fuel M&A deals or expansion plans. Since inception, Advent has completed more than 680 transactions valuing approximately US$150bn.
EBANX to use Funds to Expand Operations and Drive Growth
EBANX, the leading fintech in Latin America, announced that it has secured an investment of US$430 million from Advent International, one of the world’s largest and most experienced private equity firms.
The investment aims to help EBANX expand its operations and drive further growth in the region by focusing on its existing customer base and exploring new markets and services.
Expansion of EBANX’s Global Reach
EBANX, a Brazilian financial technology company, is set to use a $300 million funding round to expand its reach and drive growth internationally. The round was led by Durable Capital Partners LP, alongside Ribbit Capital and Goldman Sachs (GS).
The funds will be utilised primarily to finance EBANX’s fast-growing cross-border payments business, allowing the company to strengthen its financial infrastructure and provide merchants worldwide with an even more diverse range of payment methods. In addition, regarding banking services, EBANX aims to make payments easier for customers in Latin America and other up-and-coming global markets.
Using the funding round, EBANX seeks to build on its already impressive portfolio of products—including localised payment methods for merchants in Mexico, Brazil, Argentina, Colombia among other countries—to extend financial access across new geographies. This is expected to be achieved through integrations with regional partners and further collaborations with fintech start-ups operating in developing markets that have limited access to traditional banking systems.
In addition to expanding its global reach and opening new bases of operation outside Latin America (including Europe), EBANX also plans to use these funds for bolstering its market position as a preferred provider of online payments solutions in more mature economies such as Brazil. Furthermore, resources will also be dedicated towards investing heavily in research & development while bolstering customer service capabilities; all being major catalysts towards generating strategic partnerships that enable EBANX’s growth trajectory going forward.
Expansion of EBANX’s Payment Options
EBANX recently announced receiving USD 55 million in funding to expand their operations and make more customer payment options available.
In addition to current payment solutions such as direct debit, credit card, and Boleto, EBANX plans to add new options such as prepaid cards and local currency wallet services. The additional funding will also help the company drive growth in key markets such as Mexico, Peru, Colombia and Brazil.
The added funds will allow EBANX to increase its product reach in existing markets while expanding into other countries like Chile and Argentina, effectively driving greater global adoption of its payments platform. Additionally, this newfound capital will expand existing partnerships with popular e-commerce stores including American Eagle Outfitters and Estée Lauder whose customers can take advantage of more localised payment methods via EBANX’s services.
Combining new payment methods with improved customer service is expected to boost market penetration even further while providing businesses with more ways to attract shoppers from key Latin American markets. In addition, global commerce has been made easier by streamlining international payments through innovative solutions like QR codes or bank transfers executed in real-time on the EBANX platform.
Investment in Technology and Innovation
EBANX plans to use its recent investment round funds to expand its operations and drive growth through new technology initiatives. As one of Latin America’s largest international payment platforms, EBANX specialises in providing consumers with a localised payment experience.
The new funds will fuel EBANX’s continued focus on developing innovative payments solutions across Latin America. This will include expanding into new markets and investing further in strategic partnerships. In addition, EBANX plans to invest heavily in technology and innovation — which it views as the key to unlocking further success in the region.
To that end, the company is planning to make significant investments in its technology infrastructure, data capabilities and artificial intelligence technologies — allowing it to offer an even more localised service for customers across different countries and regions. The company also plans on launching a credit card product for direct consumer offering — something already proven successful worldwide.
Through these investments, EBANX hopes to establish itself as a leader in providing localised payment solutions throughout Latin America while keeping up with customer demand and delivering greater value through innovation-led products and services.
