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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.
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Latest Stories and News

Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist

  • TechCrunch
  • 7 months ago

Brazil continued to churn out unicorns this month, with Curitiba-based Ebanx becoming the first startup from the southern part of the country to top a $1 billion valuation. Uber acquires Cornershop, takes off where Walmart left off. The acquisition of the Chilean-Mexican grocery delivery startup Cornershop has been an emotional roller coaster for Latin American entrepreneurs and investors throughout 2019.

Despite the WeWork crash, SoftBank has continued investing consistently in Brazilian startups. In early October 2019, the Japanese investor led an undisclosed Series B round for Brazilian collaborative bus chartering startup Buser. Buser’s team will invest more than $73 million in growth over the next 12 months to create new alliances for their network of operating partners.

Brazil’s e-commerce marketplace integrator Olist also received investment from SoftBank for its Series C, coming in around $46 million. Redpoint eVentures and Valor Capital also participated in the round. Grocery chain Carrefour acquired a large stake in Brazil-based Ewally after it completed Village Capital’s first regional acceleration program.

Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist
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

$8.7M

Funded over

4 rounds

Latest round

Series A (Oct 2016)