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Ebanx

“Can a Brazil-born cross-border payments specialist become the default rails for global merchants selling into every emerging market (LatAm + Africa + Asia)?”

Founded2012
HQCuritiba, Paraná, Brazil
Total raised~$460M
Latest roundPrivate equity, $430M (Advent International, 2021)
IndustryInfrastructure / Payments
The story

Founded 2012 in Brazil to give global merchants (Amazon, AliExpress, Shopee, Spotify, Uber) a single integration into Latin American local payment methods like Pix, Boleto, and OXXO. Became a Brazilian unicorn with FTV Capital, then raised $430M from Advent in 2021 to fund a US IPO that was ultimately cancelled. Since 2023 has aggressively expanded beyond LatAm into Africa, Middle East, and Asia — repositioning from 'LatAm payments specialist' to 'emerging markets cross-border payments platform.' Recent push into BNPL (APLAZO in Mexico) signals a move from pure pay-in/payout processing toward embedded financing for cross-border commerce.

Last 12 months
2025-06
Product timeline
2012
Founded in Curitiba, Brazil as a cross-border payment processor enabling international merchants to accept Brazilian payment methods.· pivot
2019
Became a unicorn after FTV Capital investment.· banking
2021
Raised $430M from Advent International plus $30M IPO commitment; cancelled US IPO later that year amid market conditions.· ipo
2023
Expanded into Africa and Asia (India, Egypt, South Africa, Nigeria, Kenya, Turkey, Southeast Asia).· pivot
2025
Launched first BNPL solution in Mexico via APLAZO partnership for cross-border e-commerce.· lending
Regulated entities
1
regulatory licence held by Ebanx
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Ebanx’s embedded-finance stack
Payments / PSP
EBANX Pay-in (self-operated)EBANX Payout (self-operated)EBANX Direct API (self-operated)EBANX Drop-In Checkout (self-operated)EBANX Payment Page (self-operated)EBANX Payment Link (self-operated)
Money movement
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: none
4 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.