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Teledolar Targeting Latin

Can Teledolar become the dominant B2B payment infrastructure and cross-border disbursement platform for financial institutions and corporates across Latin America by leveraging its 25+ years of SINPE connectivity and a growing API layer?

Founded1997
HQSan José, Costa Rica
IndustryFintech / Cross-border payments
The story

Founded in 1997 as a traditional electronic payment and remittance operator in Costa Rica, Teledolar built a 2,000-agent retail network and became the leading PSP authorized under SINPE and supervised by SUGEF for AML. The company pivoted toward a fintech API model, offering corporate clients turnkey payment infrastructure for bill payments, cross-border transfers, and real-time deposits in USD and colones. The 2020 Nium partnership accelerated its cross-border and international payout capabilities, signaling a strategic shift from domestic agent-based distribution to a regional B2B fintech platform serving LATAM.

Last 12 months
Product timeline
1997
Teledolar S.A. founded in San José, Costa Rica as an electronic payment and transfer services company.· pivot
2010
Expanded to a network of 2,000 authorized retail agents nationwide, supporting correspondent banking and bill payment collection.· banking
2020
Announced strategic partnership with Nium to enable cross-border payments and real-time disbursements targeting Latin American expansion.· pivot
2022
Launched API-based real-time deposit product via SINPE enabling corporate clients to offer USD and CRC deposits to end users 24/7.· banking
Regulated entities
Payment Service Provider (PSP) — SUGEF Article 15
Costa Rica
Teledólar S.A.
SINPE Participant Authorization
Costa Rica (Banco Central de Costa Rica)
Teledólar S.A.
AML/CFT Supervision
Costa Rica (Financial Intelligence Unit / ICD)
Teledólar S.A.
The stack
Payments / PSP
Teledolar Payments (self-operated)SINPE (self-operated via BCCR authorization)
FX & payouts
Nium
Accounting gap: significant