# LooPay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loopay-s-a-s

- Industry: Financial Services
- Headquarters: Bogota, Colombia
- Website: loopay.com
- Latest round: Seed
- Investors on record: 1

## About

Based in Bagota, Columbia, and founded in 2021, LooPay S.A.S. operates as a financial services company offering digital payment solutions for businesses. In May 2024, the firm raised USD 10 million in venture funding. The firm as of May 2024, is led by its CEO, Eduardo Rivera.

Loopay offers a transactional platform designed to streamline payment and collection processes for businesses. It optimizes financial operations with solutions like payout management, cash advances, and factoring services. By centralizing payment activities and bypassing traditional ACH delays, Loopay reduces operational costs and processing times. Catering to diverse needs, from SMEs and eCommerce to events and payroll management, the platform ensures same-day payments to any bank via API integrations. Users also benefit from a deposit account feature that generates daily returns on funds awaiting payment instructions, enabling secure transactions to suppliers, payrolls, businesses, or clients from a single interface.

The company plans to utilize the May 2024 funding to strengthen its operations in Colombia and Ecuador.

## Funding rounds

- Seed, date not disclosed — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed