“Can a LATAM-native crypto exchange become the region's default Crypto-as-a-Service infrastructure layer for banks and fintechs?”
Founded 2013 as BitPagos, a bitcoin payments processor in Argentina. Rebranded to Ripio in 2017 and pivoted to a full-stack crypto exchange, wallet, and lending platform for LATAM. Since 2020 has evolved into a regional Crypto-as-a-Service infrastructure provider — offering B2B APIs, on/off-ramps, OTC desk, tokenization, and a Visa crypto card. Positions itself as the leading crypto infrastructure for Latin America.
Ripio processes payments through Ripio B2B Sell and Pay (self-operated) and Ripio On/Off Ramp (self-operated).
Ripio's cards run on Visa.
Ripio's lending and capital products are provided by Ripio Credit Network (in-house, historical).
Ripio uses Ripio On/Off Ramp (self-operated) for FX and cross-border payouts.
Ripio's crypto products run on Ripio (self-operated) and Ripio (in-house institutional custody).
The Embedded Finance Index 2026 maps 5 layers in Ripio's stack: Payments / PSP (Ripio B2B Sell and Pay (self-operated) and Ripio On/Off Ramp (self-operated)); Card network (Visa); Lending (Ripio Credit Network (in-house, historical) and Ripio Credit Network (P2P crypto microloans, launched 2018)); FX & payouts (Ripio On/Off Ramp (self-operated)); Crypto (Ripio (self-operated) and Ripio (in-house institutional custody)).
Ripio was founded by Sebastián Serrano, Luciana Gruszeczka and Mugur Marculescu and is founded in 2013, headquartered in Buenos Aires, Argentina.
Ripio has raised unknown in total (latest round: Secondary - Private; valuation: unknown).
Get a read on where your own stack stands against Ripio 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.