Geopagos, a payment acceptance infrastructure in Latin America, has raised $35m in a round led by Riverwood Capital.
The round also saw participation from Endeavor Catalyst.
Operating across 15 countries in Latin America, Geopagos provides infrastructure as a service, offering a complete end-to-end digital solution for clients.
Geopagos said it will use the funds to accelerate product development, including further investments behind its omnichannel offering, new forms of acceptance, and opening up its API platform
Sebastián Núñez Castro, CEO and co-founder of Geopagos, said, “Our vision since our foundation in 2013 has been to make payments acceptance easier and more accessible, helping our clients launch successful and innovative payment products via a robust and comprehensive solution that can deliver a superior consumer experience, improve engagement and generate customer loyalty.
“Over the years we have built an established and profitable business at scale, and this is an opportune time to accelerate our investments, expanding throughout Latin America and consolidating our technology leadership by investing more in R&D.”
Earlier this year, Xepelin, a payment platform and business financial services for small to medium sized enterprises (SMEs) in Latin America, raised $111m in Series B funding.
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