Total amount raised
$460 Millions
Latest funding date
06/01/2021
Location
EBANX has successfully raised funds through multiple rounds, with its most recent being a Series B round on June 15, 2021. The company is known for providing comprehensive payment solutions that facilitate cross-border transactions for global businesses targeting emerging markets.
With a focus on innovation and local expertise, EBANX continues to expand its reach and capabilities, making it a key player in the financial services sector. Keep reading to explore the intricacies of EBANX's fundraising journey and the investors backing this dynamic platform.
What Is EBANX?
EBANX, founded in February 2012, is a prominent player in the financial technology sector, specializing in payment solutions. Headquartered in Curitiba, Parana, Brazil, the company was established by Alphonse Voigt, João Del Valle, and Wagner Ruiz.
Operating in industries such as e-commerce, financial services, and payments, EBANX employs between 501 and 1000 people. The company focuses on providing cross-border payment solutions, helping international businesses expand into emerging markets with a local payments experience.
How Much Funding Has EBANX Raised?
- Series A
- Amount Raised: $30M
- Date: January 2018
- Lead Investors: FTV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expand its product offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: FTV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market presence and support financial growth.
- Series B
- Amount Raised: $430M
- Date: June 2021
- Lead Investors: Advent International
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations across Latin America and recruit new talent.
Total Amount Raised: $460M. Current Valuation: Not publicly disclosed.
Key Investors
- Advent International
- Details: Advent International is one of the largest private equity firms globally. They led the $430 million Series B funding round for EBANX.
- Investment Focus Areas: Private equity investments across various sectors globally.
- Notable Investments: Not publicly disclosed.
- FTV Capital
- Details: FTV Capital is a private equity firm specializing in growth equity investments. They have been a key minority shareholder in EBANX.
- Investment Focus Areas: Enterprise technology and services, financial services, payments and transaction processing.
- Notable Investments: Not publicly disclosed.
What's Next for EBANX?
EBANX stands at the cusp of significant growth, with opportunities to expand its operations across Latin America and develop high-performing digital payment solutions. The company aims to recruit top technology talent to support this expansion, leveraging its strong market presence and financial backing from major investors.
Future fundraising opportunities are on the horizon, with EBANX preparing for a US IPO. This move could provide additional capital to fuel its ambitious growth plans. However, the company may face challenges such as navigating diverse regulatory environments and managing competition from other fintech firms.
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