SAO PAULO, July 29 (Reuters) – Upgrades startup Ebanx, among Brazil’s newest fintechs to reach “unicorn” standing, has expanded its operations to Uruguay, it said on Wednesday.
Launched in 2012, Ebanx focuses primarily on processing neighborhood payments from customers of international sites such as Alibaba Group Holdings’ AliExpress retail provider, homesharing website Airbnb and music-streaming agency Spotify Technology.
Ebanx’s most up-to-date move expands its operations to nine states from Latin America – Mexico, Colombia, Argentina, Chile, Peru, Bolivia, Ecuador and Uruguay, besides its own home country, Brazil.
The organization said in a statement it will process national debit and charge card payments in Uruguay.
João Del Valle, co-founder and chief operations officer of Ebanx, stated the company was brought by Uruguay’s older digital trade market and large financial inclusion. (Reporting from Carolina Mandl; Editing by Dan Grebler)