EBANX, a cross-border commerce platform that connects global merchants with local consumers in Latin America, raised a $430M funding round from Advent International. The funding round included $400 million from Advent and an additional commitment of $30 million as the company prepares for a US IPO. Other investors in the startup include FTV Capital and Endeavor Catalyst. The funding will be used to continue EBANX’s growth and hire its talent base.
Founded in 2012 by Alphonse Voigt, João Del Valle and Wagner Ruiz, EBANX is an integrated international financial services company offering an end-to-end payment solution across the entire e-commerce transaction flow. It also helps international business to grow faster in Latin America offering a local payments experience for customers.