ETPay
Offers cardless digital payment solutions available to everyone, safely, simply and with the highest quality standards.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$1.0m | Seed | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 38 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Established in 2018 by Cristian Vera Munoz, ETPay is a financial technology firm headquartered in Santiago, Chile, that provides a payment gateway platform enabling businesses to process electronic transfers. The company's core mission is to facilitate financial inclusion across Latin America by offering an alternative to traditional card-based payments. A significant milestone in the company's journey includes raising $1 million in an early-stage venture capital round on March 1, 2022, following a seed round in September 2020. Investors in the company include Manutara Ventures, Chile Ventures, and Venturance Alternative Assets.
ETPay operates on a business-to-business model, serving merchants of all sizes, from small enterprises to large corporations like Cencosud, Nestlé, and Movistar. The company generates revenue through transaction-based fees, offering various plans tailored to the merchant's volume and average ticket size, including fixed fees per transaction or a small percentage per transfer. The platform is designed to streamline the payment process, reduce transaction costs, and improve liquidity for businesses. Unlike conventional payment systems, ETPay does not hold the funds; instead, money is transferred directly and immediately to the merchant's bank account.
The company's service portfolio includes several key products. 'QuickTransfer' allows for immediate online transfers and integrates directly into a merchant's website. 'Payment Links' enables businesses to generate and send payment links via email or WhatsApp, or use QR codes for in-person transactions, without needing a physical card. For corporate clients, 'Business Transfer' offers a secure and streamlined flow for business-to-business payments with features like multi-user authorization and automated reconciliation. ETPay's platform supports all major banks in Chile and offers white-labeling solutions, allowing merchants to customize the payment interface to match their brand, thereby enhancing customer experience and loyalty.
Keywords: payment gateway, financial technology, B2B payments, electronic transfers, cardless payments, online payments, Latin America fintech, payment processing, merchant services, transaction fees, QuickTransfer, Payment Links, bank transfers, financial inclusion, payment solutions, Santiago startup, Cristian Vera Munoz, white-label payments, e-commerce payments, automated reconciliation