# Tpaga

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

- Industry: Telecoms
- Headquarters: Bogota, Colombia
- Website: www.tpaga.co
- Total disclosed funding: $10M
- Latest round: Series A (Feb 21, 2022)
- Investors on record: 7

## About

Tpaga S.A.S. is a digital payment platform that enables users to facilitate secure financial transactions, offering mobile payments and electronic wallet services to consumers and businesses across Latin America.Founded in 2015 by Andres Gutierrez and Sebastian Vásquez, Tpaga S.A.S. is headquartered in Bogotá, Colombia. The company specializes in digital payment solutions and has conducted a total of 9 deals, with its most recent funding round being a Series A in February 2022. This round raised USD 10.00 mn led by EWA Capital, with additional participation from Fundacion Botnar, Mountain Partners, New Ventures, and Star 26 Ventures. The company was established by its founders, who have a history of entrepreneurial engagement in financial technology.Tpaga primarily offers a digital payment platform designed to facilitate financial transactions for both consumers and businesses. Their core product enables users to perform mobile payments, manage electronic wallets, and access a variety of financial services directly from their smartphones. This platform addresses the challenges of cash transactions and financial inclusion by allowing users to send and receive money, pay bills, and make purchases seamlessly. The service is particularly beneficial in regions with limited banking infrastructure, empowering unbanked and underbanked populations. Tpaga has established a presence in several Latin American markets, specifically targeting Colombia and Mexico. Their client base includes individual consumers, small to medium-sized enterprises, and larger businesses seeking efficient payment solutions.In 2023, Tpaga's revenue amounted to USD 2,130,244,889.80, with an EBITDA of USD -1,193,704,266.10, reflecting the company's operational performance for the year.In February 2022, Tpaga S.A.S. raised USD 10.00 mn in Series A funding led by EWA Capital to expand its team and business reach. The company plans to enhance its product offerings by developing new features aimed at improving user experience and increasing transaction efficiency. Additionally, Tpaga aims to enter new markets beyond Colombia and Mexico, with specific regions being evaluated for potential expansion by 2024.

## Funding rounds

- Series A, Feb 21, 2022, $10M — Mountain Partners, EWA Capital, New Ventures, Star 26 Ventures, Fundacion Botnar
- Seed, Nov 1, 2017 — Kairos Partners (US)
- Seed, Aug 24, 2017 — Zillionize Angel

## Investors

- Zillionize Angel (https://capitalatlas.ai/funds/zillionize-angel) — Seed
- Kairos Partners (US) (https://capitalatlas.ai/funds/kairos-partners-us) — Seed
- Mountain Partners (https://capitalatlas.ai/funds/mountain-partners) — Series A
- EWA Capital (https://capitalatlas.ai/funds/ewa-capital) — Series A
- New Ventures (https://capitalatlas.ai/funds/new-ventures) — Series A
- Star 26 Ventures (https://capitalatlas.ai/funds/star-26-ventures) — Series A
- Fundacion Botnar — Series A