“Can account-to-account payments displace card rails as the default online payment method in LATAM?”
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.
Fintoc discloses Fintoc Pagos S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Fintoc does not disclose a bank charter of its own; its banking services are provided through Fintoc Pagos S.A. (in-house).
Fintoc processes payments through Fintoc Payment Initiation (self-operated), Fintoc Smart Checkout (self-operated), Fintoc Recurring Payments (self-operated), Fintoc Direct Transfer (self-operated) and Fintoc Card Payments (self-operated).
Fintoc's cards are issued through Fintoc Pagos S.A. (in-house).
Fintoc connects to bank accounts through Fintoc (self-operated).
Fintoc uses Fintoc Transfers API (self-operated) for FX and cross-border payouts.
Fintoc integrates with Zapier, QuickBooks (via Zapier) and Google Sheets (via Zapier).
The Embedded Finance Index 2026 maps 6 layers in Fintoc's stack: Payments / PSP (Fintoc Payment Initiation (self-operated), Fintoc Smart Checkout (self-operated), Fintoc Recurring Payments (self-operated), Fintoc Direct Transfer (self-operated) and 1 other); Banking / BaaS (Fintoc Pagos S.A. (in-house)); Card issuing (Fintoc Pagos S.A. (in-house)); Open banking (Fintoc (self-operated)); FX & payouts (Fintoc Transfers API (self-operated)); Accounting (Zapier, QuickBooks (via Zapier) and Google Sheets (via Zapier)).
Fintoc is founded in 2020 and headquartered in Santiago, Chile.
Fintoc has raised ~$10.6M in total (latest round: Series A, 2024).
Get a read on where your own stack stands against Fintoc and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.