About FinTech sector in Ecuador
The FinTech sector in Ecuador comprises 121 companies, including 12 funded companies having collectively raised $203M in venture capital money and private equity. Out of these, 4 are Series A+ funded.
FinTech sector in Ecuador has seen 2 acquisitions.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc.
Top FinTech Companies in Ecuador
There are 121 FinTech startups in Ecuador which include Kushki, PayPhone, Ecuafact, PrestamosCloud, Techsoft. Out of these, 12 startups are funded, with 4 having secured Series A+ funding.
Over the past 10 years, an average of 6 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard Business School, Harvard University and Massachusetts Institute of Technology.
Here is the list of top FinTech startups in Ecuador
1. Kushki
Provider of online payment solutions for businesses. It provides multiple payment methods such as credit cards, debit cards, bank transfers and cash. It also provides recurring payment solutions, custom integrations, security, and more.
Key facts about Kushki
- Founded Year: 2017
- Location: Quito (Ecuador)
- Stage: Series B
- Total Funding till date: $186M
- Investors: SoftBank Latin America Fund, DILA Capital and 9 Others
- Latest Funding Round: Series B, Jun 07, 2022, $*****
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 15 of 133 Competitors
2. PayPhone
NFC-enabled reloadable prepaid cards for online and offline payments. Enables to collect and pay without the use of bank accounts, contactless QR-code payments, merchant payments, pay with cash balances, pay at businesses, and more. Application is made available on Android and iOS platforms.
Key facts about PayPhone
- Founded Year: 2015
- Location: Cuenca (Ecuador)
- Stage: Unfunded
- Tracxn Score: 47/100 What is this?
- Competitors Rank: 1 of 1 Competitors
3. Ecuafact
App-based invoicing management solutions for businesses. It features solutions for invoice creation, expense tracking & management, electronic signature, financial reporting, budget management, and more. The app is available for iOS and Android platforms.
Key facts about Ecuafact
- Founded Year: 2014
- Location: Guayaquil (Ecuador)
- Stage: Unfunded
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 83 of 2,467 Competitors
Software for loan lifecycle management. It offers a solution for multiple processes involved in the loan lifecycle management including automated legal document generation, loan applications, loan management with multiple payment methods and repayment options, invoice management, dynamic reports on pending collections, new product creation, geolocation monitoring, supplier management, loan portfolio management, reports on analysis and strategies, purchase monitoring, user access creation, sales invoice communications, and more.
Key facts about PrestamosCloud
- Founded Year: 2018
- Location: Quito (Ecuador)
- Stage: Unfunded
- Tracxn Score: 43/100 What is this?
- Competitors Rank: 50 of 485 Competitors
5. Techsoft
Developer of software for financial and commercial payment processing systems. The company provides software for credit card management, debit card control, and transaction authorization. Its products include modules for web access, transaction monitoring, and automated batch processing. The software supports multiple communication channels and platforms.
Key facts about Techsoft
- Founded Year: 2000
- Location: Guayaquil (Ecuador)
- Stage: Unfunded
- Tracxn Score: 44/100 What is this?
Companies founded year-on-year in the FinTech sector in Ecuador
15 FinTech startups in Ecuador were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 1 |
2023 | 4 |
2022 | 15 |
2021 | 10 |
2020 | 9 |
2019 | 15 |
2018 | 6 |
2017 | 9 |
Stage-wise distribution of FinTech sector companies in Ecuador
Out of the total 121 FinTech companies in Ecuador, 12 have secured funding. Among them, 4 have reached Series A or higher, and 3 to Series B or beyond.
Founded - 121
Funded - 12
Series A+ - 4
Series B+ - 3
Series C+ - 2
Company Stage | No. of companies |
|---|---|
Founded | 121 |
Funded | 12 |
Series A+ | 4 |
Series B+ | 3 |
Series C+ | 2 |
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Funding Trends in the FinTech sector in Ecuador
Total funding year-on-year in the FinTech sector in Ecuador
The FinTech sector in Ecuador saw a total funding of more than $203M in the last 10 years. The most amount of funding was in 2022 at more than $104M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $600K |
2024 | $11.5M |
2022 | $104M |
2021 | $86M |
2020 | $1M |
2019 | - |
2018 | $16.5K |
Recent Funding Rounds in FinTech in Ecuador
In the year 2025, till January 2025, FinTech companies in Ecuador have raised $600K in equity funding across 1 round.
Here are some recent, important funding rounds in FinTech companies in Ecuador:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 8333 | Jan 20, 2025 | and 4 more | |
Series A | 1764 | Aug 20, 2024 | ||
Seed | 6660 | Mar 27, 2024 | and 3 more | |
Seed | 9919 | Dec 03, 2022 | ||
Series B | 5095 | Jun 07, 2022 |
Top Investors in FinTech in Ecuador
BuenTrip Ventures is the top investor in FinTech companies in Ecuador based on number of companies invested.
Here are some top investors in FinTech companies in Ecuador:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Quito (Ecuador) | ||
- | ||
Washington, DC (United States) | - | |
Quito (Ecuador) | ||
Antwerp (Belgium) | - |
M&A activity in FinTech sector in Ecuador
In the year 2021, till June 2021, 1 acquisition happened in FinTech sector in Ecuador.
Here are some recent, important acquisitions in FinTech sector in Ecuador:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 29, 2021 | ||
Business Acquisition | May 31, 2019 |
Acquisition trends in FinTech sector in Ecuador
Here are the acquisition trends in FinTech sector in Ecuador:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | 1 |
2020 | - |
2019 | 1 |
2018 | - |
2017 | - |
Colleges which produce the most FinTech companies in Ecuador
Companies founded by alumni from top colleges in the FinTech in Ecuador
Most number of FinTech startups in Ecuador have been founded by alumni from Harvard Business School, Harvard University and Massachusetts Institute of Technology.
College | No. of companies |
|---|---|
Harvard Business School | 1 |
Harvard University | 1 |
Massachusetts Institute of Technology | 1 |
Total funding in FinTech companies founded by alumni from top colleges in Ecuador
In the last 10 years, Harvard Business School, Harvard University and Massachusetts Institute of Technology graduates' FinTech companies in Ecuador have raised the most funding among top colleges.
College | Total Funding |
|---|---|
Harvard Business School | $186M |
Harvard University | $186M |
Massachusetts Institute of Technology | $186M |
Top News in FinTech in Ecuador
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PXP Financial partners with Kushki in LATAM expansion planElectronic Payments International•Oct 15, 2024•PXP Financial, Kushki
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Kushki Becomes the First Regional, Next-Generation Payment Acquirer in Latin AmericaACCESSWIRE•Oct 10, 2023•Kushki
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SoftBank Leads USD86m Series B for Ecuadorian Payments Platform KushkiLAVCA•Jun 01, 2021•Kushki, Magma Partners, SoftBank Latin America Fund, DILA Capital and 2 others
