Ebanx breaks a billion

Ebanx breaks a billion

Equity Brazil US Funds

Brazil's Ebanx said it has received a "significant follow-on investment" from the US firm FTV Capital to become the latest "unicorn" in Latin America worth more than $1bn. The payments financial technology firm did not reveal the size of the investment. It initially received $30m from FTV and Endeavor Catalyst in December 2017. Since then, it has nearly doubled its processing volumes to more than $2bn, according to a statement from Ebanx. Founded in 2012, Ebanx offers payment methods in seven co

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial