Fintoc
“Can account-to-account payments displace card rails as the default online payment method in LATAM?”
Founded2020
HQSantiago, Chile
Total raised~$10.6M
Latest roundSeries A, 2024
IndustryInfrastructure / Payments
The story
Fintoc launched in 2020 as a Plaid-style bank-data API in Chile, then pivoted decisively to account-to-account (A2A) payment initiation as its core wedge — positioning A2A as a lower-cost alternative to Visa/Mastercard card rails in LATAM. Expansion to Mexico (over SPEI/CoDi) followed the same pattern. In 2025 Fintoc became a regulated CPF issuer in Chile, turning it from a pure PSP into licensed payments infrastructure with its own wallet/account primitives. In 2026 it stretched into agentic commerce, exposing its payment stack to AI agents via an MCP server.
Last 12 months
2025-08
Product timeline
2020
Founded in Chile as an API to connect bank accounts and initiate account-to-account payments.· pivot
2022
Raised $3.6M seed round after Y Combinator batch.· banking
2023
Expanded to Mexico with Payment Initiation over SPEI and CoDi.· pivot
2024
Raised $7M Series A to scale account-to-account payments in Chile and Mexico.· banking
2025
Fintoc Pagos S.A. authorized by CMF as a non-bank issuer of prepaid accounts (CPF) under Registry N°764.· banking
2026
Launched MCP (Model Context Protocol) server and Agentic Commerce product for AI-initiated payments.· pivot
Regulated entities
1
regulatory licence held by Fintoc
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Fintoc’s embedded-finance stack
Payments / PSP
Fintoc Payment Initiation (self-operated)Fintoc Smart Checkout (self-operated)Fintoc Recurring Payments (self-operated)Fintoc Direct Transfer (self-operated)Fintoc Card Payments (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Open banking
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: significant
7 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.