LatamList – EBANX, a Brazilian fintech, raised a $430M funding round from Advent International. The round consisted of $400M from Advent and an additional commitment of $30M as the company prepares for a US IPO.
EBANX is a cross-border commerce platform that connects global merchants with local consumers in Latin America. With the EBANX platform, more than 1,000 global companies are able to operate in the region and connect to hundreds of local payment methods.
Advent International is one of the largest private equity firms in the world. The firm will join FTV Capital as key minority shareholders in the company.
“Our goal has always been to develop the highest-performing digital payments solutions, recruit the best technology talent and business minds, and deliver a superior value proposition that makes it easier and more cost-effective for global companies to access and grow their businesses across Latin America,” said João Del Valle, co-founder and CEO.
The funding will be used to continue EBANX’s expansion across Latin America and recruit new talent.
Read more on Advent International.
