IBEX Mercado provides Lightning Network-based payment and integration services that connect banks, businesses and financially excluded users to Bitcoin. Its core offerings are IBEX Pay for online and POS payments, IBEX Hub as Lightning-as-a-Service for partners, and the IBEX App for smaller merchants. The company was founded in 2018 and is led by CEO Jose Luis Lemus. IBEX Mercado plans to use new funding to invest in development and marketing to expand services to more banks and large enterprises across the Americas and Europe. Financially, the company completed a $4M Seed financing at a $20M valuation. The business operates from Guatemala City and focuses on making Lightning Network payments accessible to enterprises and merchants.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2022