Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

TechCrunch | 10/15/2019 | Staff
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Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its offerings into domestic payments as it grows.

Since its launch in 2012, Ebanx has primarily focused on helping international merchants sell locally in Brazil. The Brazilian business accounts for nearly 90% of the company’s revenue, but as it expands into other markets the company is also broadening its suite of services.

Company - Payment - Processing - Brazil - April

The company moved into local payment processing in Brazil in April of this year, and recently closed on a new financing round from previous investors FTV and Endeavor Catalyst that values the company north of $1 billion, according to chief executive Alphonse Voigt.

The money will be used to...
(Excerpt) Read more at: TechCrunch
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