YellowPepper provides a digital finance platform that enables consumers, merchants, issuers and processors to manage and accept cashless payments. Its proprietary technology powers 480 million digital transactions annually, serves over 6.6 million monthly active users and connects more than 400,000 merchants across six countries. The company works with more than 60 clients, including major financial institutions and retailers in Latin America. YellowPepper plans to accelerate the momentum of its platform and build a robust regional ecosystem to simplify interacting with, managing and accepting cashless payments. To support that expansion it announced a $12.5M Series D with participation from Visa and current investors. FT Partners served as YellowPepper's exclusive strategic and financial advisor. YellowPepper recently launched Yepex, pitched as Latin America’s "mobile smart wallet," and focuses on mobile payments across Android and iOS. Yepex lets users store multiple debit and credit cards and transact using unique tokens communicated manually, via HCE, or QR codes so sensitive card data is not exposed. The tokenization approach removes the need for NFC-capable phones and is designed to drastically reduce card-not-present fraud, enable card-and-PIN-less ATM withdrawals, and support retail use cases like pre-ordering and express checkout. The company claims over five million customers, more than 30 million transactions per month, and an 85% market share in LatAm. Banamex ran a controlled pilot and will launch a beta with users and merchants in Mexico. The latest proceeds will be dedicated mainly to Yepex’s development and commercialization, and the company has raised $34 million to date. YellowPepper provides an open-architecture mobile payment platform that lets consumers store value, pay for goods, and transfer or withdraw funds using mobile phones. The company focuses on scaling mobile money deployments to increase financial inclusion, particularly among unbanked populations. YellowPepper said the USAID/HIFIVE grant will let it expand a successful pilot in Haiti and help build a vibrant, safe, accessible payment ecosystem there. The firm is an integral partner in TchoTcho Mobile, Haiti’s first mobile money offering, delivered in partnership with Scotiabank and Digicel. Founded in 2004 and based in Miami, YellowPepper operates in nine countries and reports over 2.5 million users. The company is also the recipient of the IFC/World Bank’s first equity investment in a mobile financial services company in Latin America. YellowPepper is a mobile banking company operating in eight Latin American countries. It offers mobile banking services and is developing a clearinghouse for mobile payments to enable subscribers, retailers, billers, consumers and banks to interact on a common platform via mobile phones. The company has more than 2 million active users. Founded in 2004, YellowPepper will use the $5M equity investment led by the International Finance Corporation (IFC), which committed $3M, to further develop its product and expand into new markets. The financing brings total capital raised to date to over $15M. The company currently offers services in Colombia, Peru, Ecuador, Guatemala, Dominican Republic, Bolivia, Haiti and Panama.

Total raised

$37M

Funding rounds

4

Latest round

Series D

Latest activity

May 2018