Fintech infrastructure-providing startup based in Argentina, Geopagos, has raised $35 million in its new funding round led by Riverwood Capital.
- The fund will be used to develop its technology infrastructure stack and expand to countries in other regions, including Brazil where it launched recently.
- Founded in 2013, Geopagos enables businesses to launch their financial services by providing infrastructure software. It helps its customers acquire and facilitate card payments to their clients.
- The company has become profitable and has been growing at a 75% annualized rate in the last three years.
- Endeavour Catalyst participated in the round which marks the first institutional investment in Geopagos.