EBANX company profile: valuation, funding & revenue

This EBANX company profile covers the company's valuation, revenue, funding rounds, investors and history. EBANX works in fintech, with a focus on cross-border payments for emerging markets. It was founded in 2012 and is headquartered in Curitiba, Paraná, Brazil. Its latest valuation on record is US$1 billion (October 2019). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

EBANX timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2012 — EBANX is founded in Curitiba by João Del Valle (CEO), Alphonse Voigt and Wagner Ruiz.
• Oct 2019 — Growth investment: See source, valuing the company at US$1B. Investors: FTV Capital.
• Jun 2021 — Pre-IPO minority investment: About US$430M. Investors: Advent International.
• June 2021 — Advent investment: About US$430 million (US$400 million plus US$30 million committed for an IPO), terms of valuation not disclosed.

Investors

Overview

EBANX helps international companies sell to customers in Latin America and other emerging markets by letting them accept local payment methods. A global e-commerce site, streaming service, software company or travel platform can use EBANX to accept Brazil's Pix instant payments and boleto bank slips, Mexico's OXXO cash payments, local credit cards with instalments, digital wallets and more, then receive the money in its home currency. EBANX handles the licences, local banking relationships, currency conversion and tax collection. It has become one of the leading cross-border payment companies for Latin America and one of Brazil's first fintech unicorns.

João Del Valle, the CEO, Alphonse Voigt and Wagner Ruiz founded EBANX in Curitiba, in southern Brazil, in 2012. The founders saw that Brazilians wanted to buy from international websites but often couldn't, because many lacked international credit cards and foreign sites didn't accept local methods. EBANX started by solving that problem for Brazil and expanded across Latin America and beyond.

What EBANX offers

• Pay-ins: local payment acceptance in more than a dozen Latin American countries and additional markets in Africa and Asia, including real-time methods such as Pix.
• Instalments: letting shoppers pay in instalments on local cards, a common expectation in Brazil and other countries.
• Payouts: sending money to sellers, creators and workers in the region.
• Local processing and acquiring: processing domestic card payments for better approval rates.
• Compliance and tax: handling foreign exchange regulations and taxes on cross-border purchases.

Customers

EBANX's customers are typically large global digital companies selling into Latin America, including marketplaces, streaming and gaming services, software providers, travel companies and Asian e-commerce platforms that have grown rapidly in the region. Because these customers process large volumes, EBANX's revenue grows with cross-border digital commerce in the region.

Funding

EBANX was bootstrapped for years before taking outside capital. In 2019 FTV Capital invested in the company at a valuation of about US$1 billion, making it one of Brazil's first fintech unicorns. In June 2021 Advent International agreed to invest about US$430 million for a minority stake, US$400 million plus US$30 million earmarked for a planned IPO, with the founders remaining majority shareholders. The valuation in the Advent deal wasn't disclosed, so the data above shows the 2019 figure. EBANX prepared for a US IPO in early 2022, with reports suggesting it could seek a valuation far above US$1 billion, but postponed the listing because of market turbulence.

Business model

EBANX earns a fee on each payment processed, usually a percentage of the transaction value, plus income from currency conversion. Cross-border payments typically carry higher fees than domestic processing because of the complexity involved. EBANX doesn't publish detailed financials, so we show revenue as not disclosed.

Competition

EBANX competes with dLocal, a Uruguayan company listed on Nasdaq that offers similar services across emerging markets; with global processors like Adyen, Stripe and Rapyd that have expanded local payment coverage; with PayU and Mercado Pago in the region; and with local acquirers. Its advantages are its Brazilian roots, deep local knowledge and long relationships with major global merchants.

EBANX at a glance

EBANX is a Curitiba, Brazil, payments company founded in 2012 by João Del Valle, Alphonse Voigt and Wagner Ruiz. It helps global companies accept local payment methods such as Pix, boleto and instalments across Latin America and other emerging markets. FTV Capital valued it at US$1 billion in 2019, and Advent International invested about US$430 million in 2021 ahead of a planned IPO that was later postponed.

Pix and the transformation of Brazilian payments

Pix, the instant payment system launched by Brazil's central bank in 2020, became one of the fastest-adopted payment systems in the world. It lets people and businesses send money instantly, any time, for free or very low fees, using a phone number, email or QR code. Within a few years Pix overtook cards and cash for many types of payments, including online purchases. For cross-border merchants, accepting Pix became essential to reach Brazilian shoppers. Companies like EBANX that integrated Pix quickly benefited from the shift.

Cross-border e-commerce in Latin America

Latin America has been one of the world's fastest-growing e-commerce regions, with Brazil and Mexico the largest markets. Global platforms, especially Asian marketplaces, have captured a large share of cross-border online shopping, prompting some governments to change import tax rules. These policy changes can affect volumes processed by cross-border payment companies, which is a key risk for EBANX alongside currency volatility and competition.

Questions for international merchants

• Which local payment methods matter most for your customers in each country?
• How are currency conversion and settlement handled, and at what cost?
• What approval rates can local processing achieve compared with international cards?
• How are import taxes and regulatory changes handled?

Instalments and approval rates

Brazilian shoppers commonly split purchases into monthly instalments on their credit cards, often without interest, a practice known as "parcelado". International merchants that don't offer instalments can lose sales, especially for higher-priced items. In addition, international card transactions are more likely to be declined by local banks than domestic ones. Processing payments locally and offering instalments can raise approval rates and conversion significantly, which is one of the main reasons global companies work with specialists like EBANX instead of relying on international card processing alone.

Timeline

• 2012: EBANX is founded in Curitiba to help Brazilians buy from international websites.
• 2010s: expands across Latin America, adding local payment methods country by country.
• 2019: FTV Capital invests at a valuation of about US$1 billion.
• 2020–2021: integrates Pix as Brazil's instant payment system takes off.
• June 2021: Advent International agrees to invest about US$430 million for a minority stake ahead of a planned IPO.
• 2022: postpones its US IPO amid market turbulence and continues expanding into other emerging markets.

Latest developments (October 2026)

EBANX announced in April 2026 that it would expand into Southeast Asia, including Thailand, Indonesia, Malaysia and Vietnam, and Turkey through 2027, and said 65% of its gross profit came from outside Brazil in 2025, up from 32% in 2021, according to Portal Tela. A New York IPO remains a possibility. No new valuation has been disclosed since the US$1 billion mark set in 2019. See our cross-border payments guide.

What to watch

Watch for revived IPO plans, expansion into new emerging markets, the impact of tax changes on cross-border shopping and competition with dLocal and global processors.

Takeaways

Global merchants can reach Latin American shoppers through local payment methods. Founders can see how bootstrapping to scale preserved founder control. Investors should note that the Advent deal's valuation was never disclosed.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Brazil Journal
2. PYMNTS