← State of Embedded Finance 2026

Culqi

“Can BCP's merchant-acquiring arm own every payment method a Peruvian SMB needs while pulling them deeper into the Credicorp banking and lending ecosystem?”

Founded2013
HQSan Isidro, Lima, Peru
Latest roundAcquired by Banco de Crédito del Perú (BCP / Credicorp)
IndustryFintech / Payments
The story

Culqi began in 2013 as an independent Peruvian online payments gateway, then was acquired by BCP (Credicorp group) and rebuilt as the merchant-acquiring arm of Peru's largest bank. Its product surface expanded from online card acceptance to a full omnichannel stack — POS (CulqiFull), Yape wallet acceptance, PagoEfectivo cash vouchers, payment links, subscriptions, and Cuotéalo BCP installments — increasingly leveraging the BCP balance sheet for same-day settlement, working-capital loans, and sales advances.

Last 12 months
—
Product timeline
2013
Founded in Lima, Peru as an online card-payment gateway.· launch
2018
Acquired by Banco de Crédito del Perú (BCP / Credicorp).· acquisition
2020
Expanded to in-person POS via CulqiFull and integrated Yape wallet payments.· product
2023
Launched Cuotéalo BCP — embedded BNPL/installments without credit card.· lending
Regulated entities
Payment processor (PCI DSS certified)
Peru · 2013
Compañía Incubadora de Soluciones Móviles S.A.
The stack
Payments / PSP
Culqi (self-operated)Culqi Checkout (self-operated)Culqi 3DS (self-operated)
Banking / BaaS
Banco de Crédito del Perú (in-house, parent bank)
Lending
Cuotéalo BCP (consumer BNPL/installments)Adelanto de ventas (merchant cash advance)Capital de trabajo BCP (1% rate reduction for Culqi clients)
Sponsor bank
Banco de Crédito del Perú
Accounting gap: significant