FinTech startups 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?
