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Zinli

Can a Panama-based digital dollar wallet become the primary financial account for the unbanked and underbanked across Latin America?

Founded2020
HQPanama City, Panama
IndustryFintech / Neobank
The story

Founded in Panama in 2020 as MFTech S.A., Zinli launched as a digital dollar wallet targeting financially underserved populations in Latin America, particularly Venezuelans and others lacking access to traditional banking. The core product — a virtual and physical Visa prepaid card paired with instant P2P dollar transfers — was designed to bypass traditional bank account requirements. Five years on, Zinli has expanded its card issuance to Panama, Colombia, and Venezuela, positioning itself as a borderless dollar wallet for the LatAm diaspora and remittance corridor.

Last 12 months
Product timeline
2020
Founded in Panama as MFTech S.A., launching Zinli as a digital dollar wallet targeting underbanked populations in LatAm.· banking
2020
Launched virtual Visa prepaid card enabling online purchases and peer-to-peer dollar transfers.· card
2022
Expanded physical Visa prepaid card issuance to Panama, Colombia, and Venezuela.· card
2025
Serving thousands of users across LatAm and globally with dollar-denominated wallet, Visa card, and P2P transfers.· banking
Regulated entities
1
regulatory licence held by Zinli
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Zinli’s embedded-finance stack
Card network
Visa
Accounting gap: minor