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Powering payments for Mexico and LATAM

Powering payments for Mexico and LATAM

Conekta helps businesses in Mexico and LATAM accept online payments using credit and debit cards, cash payments, and bank transfers. We offer an API that handles the complications of building a payment gateway such as security, anti-fraud, and scaling. Besides card payments, Conekta offers alternative payment methods needed in Mexico:

1. Cash payments in convenience stores which allows 65% of the Mexican population with no bank account to create online purchases by paying in cash at any of the 20,000 locations available.

2. Automated bank transfer allows to receive real-time payment notifications. We accomplish this by generating a unique bank account per transaction.

3. Credit card monthly installments helps businesses offer high ticket products in monthly installments. The business receives the full amount and the bank handles the payment to the user.

4. Debit Cards which account for 77% of all cards in Mexico. Debit cards are not readily available to international gateways.
Co-founder of @Conekta. #500Strong. UW Engineer
CEO & Founder of @Conekta. Mechatronics Engineer from the @University of Waterloo
Co-Founder at @Conekta; Worked as a ASECO; Systems Design Waterloo Grad
Total raised

$8M

Funded over

4 rounds

Latest round (Oct 2016)

Series A

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