Tpaga
“Can a Colombian financial-inclusion wallet become the embedded-finance rails for retail banks and businesses across LatAm?”
Founded2015
HQBogotá, Colombia
FoundersAndrés Gutierrez
Latest roundStrategic investment — Banco Serfinanza acquired 30% equity stake (March 2026, undisclosed amount)
IndustryFintech / SMB banking
The story
Tpaga began in 2015 as a consumer mobile wallet targeting Colombia's unbanked population, with bill pay, P2P transfers, and a 45,000-point cash-out network. It then evolved into an embedded finance platform exposing PSE, ledger, low-amount deposit, and interbank transfer APIs so other businesses can launch wallets on its rails. The March 2026 Banco Serfinanza 30% equity deal cements its shift from standalone wallet to BaaS-style infrastructure provider backed by a chartered Colombian bank.
Product timeline
2015
Founded in Bogotá as a mobile wallet for financial inclusion in Colombia· pivot
2017
Expanded into embedded finance, enabling third parties to launch wallets on Tpaga rails· banking
2026
Banco Serfinanza acquired 30% equity stake to accelerate embedded finance and digital banking· acquisition
Regulated entities
1
regulatory licence held by Tpaga
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Tpaga’s embedded-finance stack
Payments / PSP
Tpaga PSE API (self-operated)Tpaga Cashin API (self-operated)Tpaga Cashout API (self-operated)Tpaga Payment Links (self-operated)Tpaga OTP / POS wallet payments (self-operated)
Banking / BaaS
in the full report
Ledger
in the full report
Lending
in the full report
Payroll
in the full report
Sponsor bank
in the full report
Accounting gap: significant
6 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.