Ebanx Startup Receives American Funding and Becomes Newest Brazilian Unicorn

Fintech becomes worth over US$ 1 billion after FTV Capital investment

Ebanx, a global fintech created in Curitiba, received investment from the US fund FTV Capital that makes it worth over US$ 1 billion. It is now among the list of Brazilian unicorns.

The financial startup was founded in 2012 and offers a payment solution for global companies operating in Latin America, such as AliExpress (Chinese Alibaba), Spotify, and Airbnb.

EBANX owners: Alphonse Voigt, Ruiz and Del Valle (Foto: EBANX/Divulgação)

This year, the company processed US$ 2.1 billion, up from R$ 1.5 billion in 2018 and US$ 1.2 billion a year earlier.

Unicorns are startups that exceed market value of US$ 1 billion. There are different methodologies to evaluate how many there are in Brazil. A recent District and KPMG study considers unicorns only startups that were born unconnected with other companies. In this criterion, Ebanx is the ninth.

The company is listed with 99, Nubank, Arco, iFood, Stone, Gympass, Loggi, and QuintoAndar. All reached this level starting in 2018, when the country entered a positive phase with foreign capital.

In addition to payment solutions, Ebanx sells market intelligence, analytics, anti-fraud strategies, marketing consulting, and 24-hour customer service.

Translated by Kiratiana Freelon

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