About FinTech sector in Venezuela
The FinTech sector in Venezuela comprises 77 companies, including 9 funded companies having collectively raised $117M in venture capital money and private equity. Out of these, 4 are Series A+ funded.
FinTech sector in Venezuela has seen 1 acquisition.
This sector includes companies providing 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 are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Top FinTech Companies in Venezuela
There are 77 FinTech startups in Venezuela which include El Dorado, Cashea, Bancaribe, Ubii Pagos, Chinchin. Out of these, 9 startups are funded, with 4 having secured Series A+ funding.
2026 has seen the creation of 2 FinTech startups in Venezuela. Over the past 10 years, an average of 4 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Massachusetts Institute of Technology and University of California (Los Angeles).
Here is the list of top FinTech startups in Venezuela
1. El Dorado
El Dorado provides a crypto exchange platform. It offers a contract that protects the assets of users available in the financial transactions made on the platform. It enables users to organize offers with the desired payment method. It also channels remittances to protect capital from inflation and access to international markets.
Key facts about El Dorado
3. Bancaribe
Payment processing solutions for businesses and merchants. It provides solutions such as payment gateways, POS terminals, SMS-based payments, telephone recharges, and more. It enables businesses to accept payments from payment cards, bank transfers, and more.
Key facts about Bancaribe
- Founded Year: 1954
- Location: Caracas (Venezuela)
- Stage: Unfunded
- Tracxn Score: 51/100 What is this?
- Competitors Rank: 234 of 8,139 Competitors
4. Ubii Pagos
Provider of point-of-sale terminals and payment management solutions for businesses. They offer various payment solutions, administrative tools, and post-sales support for diverse types of businesses. The company develops payment solutions tailored to adapt to current market conditions. They focus on providing technology and payment methods to support business growth.
Key facts about Ubii Pagos
- Founded Year: 2013
- Location: Caracas (Venezuela)
- Stage: Series A
- Total Funding till date: $4.5M
- Latest Funding Round: Series A, Sep 06, 2022, $*****
- Tracxn Score: 42/100 What is this?
- Competitors Rank: 4 of 20 Competitors
5. Chinchin
NFC-enabled smart POS hardware solution for businesses. Connects people and businesses through transactional solutions with a platform to pay and move money for daily operations with automated processes, computer security, and reliability. Application is made available for Android and iOS devices.
Key facts about Chinchin
- Founded Year: 2019
- Location: El Rosal (Venezuela)
- Stage: Unfunded
- Tracxn Score: 41/100 What is this?
- Competitors Rank: 5 of 20 Competitors
Companies founded year-on-year in the FinTech sector in Venezuela
2 new startups have been founded so far in 2026 in the FinTech sector in Venezuela. 11 FinTech startups in Venezuela were founded in 2021 - 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 | 2 |
2025 | 1 |
2024 | - |
2023 | - |
2022 | 2 |
2021 | 11 |
2020 | 9 |
2019 | 7 |
2018 | 11 |
2017 | 5 |
Stage-wise distribution of FinTech sector companies in Venezuela
Out of the total 77 FinTech companies in Venezuela, 9 have secured funding. Among them, 4 have reached Series A or higher, and 2 to Series B or beyond.
Founded - 77
Funded - 9
Series A+ - 4
Series B+ - 2
Series C+ - 1
Company Stage | No. of companies |
|---|---|
Founded | 77 |
Funded | 9 |
Series A+ | 4 |
Series B+ | 2 |
Series C+ | 1 |
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Funding Trends in the FinTech sector in Venezuela
Total funding year-on-year in the FinTech sector in Venezuela
The FinTech sector in Venezuela saw a total funding of more than $117M in the last 10 years. The most amount of funding has been in 2026 at more than $109M till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $109M |
2024 | $3M |
2022 | $4.95M |
Recent Funding Rounds in FinTech in Venezuela
In the year 2026, till June 2026, FinTech companies in Venezuela have raised $89M in equity funding across 3 rounds.
Here are some recent, important funding rounds in FinTech companies in Venezuela:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 4010 | Jun 15, 2026 | ||
Series B | 2628 | Jun 2026 | ||
Series A | 2040 | Mar 2026 | ||
Seed | 9552 | May 27, 2024 | ||
Series A | 6827 | Sep 06, 2022 | - |
Top Investors in FinTech in Venezuela
Square One Capital is the top investor in FinTech companies in Venezuela based on number of companies invested.
Here are some top investors in FinTech companies in Venezuela:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Miami (United States) | - | |
Bilbao (Spain) | - | |
Caracas (Venezuela) | - | |
San Diego (Venezuela) | - | |
San Diego (Venezuela) | - |
M&A activity in FinTech sector in Venezuela
Here are some recent, important acquisitions in FinTech sector in Venezuela:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | - |
Colleges which produce the most FinTech companies in Venezuela
Companies founded by alumni from top colleges in the FinTech in Venezuela
Most number of FinTech startups in Venezuela have been founded by alumni from Massachusetts Institute of Technology and University of California (Los Angeles).
College | No. of companies |
|---|---|
Massachusetts Institute of Technology | 1 |
University of California (Los Angeles) | 1 |
Top News in FinTech in Venezuela
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