EBanx Raises $30M in Funding
Summary
The company intends to use the funds to continue to expand its e-commerce solution to Ecuador, Uruguay, Paraguay and Bolivia and open an IT office in San Francisco.Led by Alphonse Voigt, co-founder and CEO, EBanx provides local payment methods to international merchants, enabling them to sell their products and services to Latin America.The company offers end-to-end payment solutions across the entire cross border e-commerce transaction flow, marketing consultancy services and a 24/7 local customer support team to serve all their Latin American clients – in their own language.It has also launched EBANX Account, a digital wallet used to track all EBANX payments and refunds, and make purchases via a prepaid virtual card, obtained U.K. Electronic Money Institution (EMI) license (e-Money license) from the Financial Conduct Authority (FCA).Last year, EBanx processed $1.2 billion in cross-border transactions allowing over 30 million users from the region to gain access to major international e-commerce merchants.
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