# Zapay Serviços de Pagamentos

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zapay-servicos-de-pagamentos-s-a

- Industry: Financial Services
- Headquarters: Brasilia, Brazil
- Website: www.usezapay.com.br
- Total disclosed funding: $1.4M
- Latest round: Seed (Oct 8, 2021)
- Investors on record: 1

## About

Zapay Serviços de Pagamentos S.A. provides an innovative platform for vehicle debt consultation and payment in Brazil, facilitating easy access to financial information for vehicle owners through a user-friendly web interface.Founded in 2017 and headquartered in Brasilia, Brazil, Zapay specializes in vehicle debt management, allowing customers to access debt information and settle payments easily. The company was co-founded by Pedro Vogado and Varley Silva. In October 2021, Zapay raised BRL 7.5 million in a Seed funding round led by DOMO Invest, which marked the latest deal in their funding journey, having secured a total of BRL 7.5 million to date.Zapay specializes in providing a platform for vehicle debt consultation and payment in Brazil, enabling users to access comprehensive information about their vehicle's financial status through a straightforward web interface. Customers can query their vehicle's debts using just the license plate number, allowing them to view outstanding fines, taxes such as IPVA, and licensing fees. The service facilitates debt resolution by offering flexible payment options, including online payments and in-person transactions at physical locations across Brazil. With integration across 27 DETRANs (Department of Transit) nationwide, Zapay serves vehicle owners in various Brazilian states, addressing the complexities of vehicle debt management.Zapay generates revenue through transaction fees associated with vehicle debt payments processed via its platform. This B2C model directly serves individual vehicle owners who utilize the platform to discover and pay their debts. Payment options include credit cards, which can be split into up to 12 installments, as well as PIX and boleto for immediate payment. This fee structure is tied to the debts being settled, allowing Zapay to earn revenue on each transaction processed, enhancing customer accessibility in the automotive sector.In October 2021, Zapay Serviços de Pagamentos S.A. raised BRL 7.5 million in Seed funding led by DOMO Invest. The company plans to utilize this funding to expand its service portfolio beyond vehicle debt repayment, currently offered in 25 states. Zapay aims to introduce new products and enhance its platform functionality, with specific strategies for growth in the Brazilian market.

## Funding rounds

- Seed, Oct 8, 2021, $1.4M — DOMO Invest

## Investors

- DOMO Invest (https://capitalatlas.ai/funds/domo-invest) — Seed