Deals
Unicorn Ebanx Readies IPO Eyeing More Acquisitions in LatAm
- Fintech sees another funding round in 2021 before going public
- Company grew over 200% outside the Brazilian market last year
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Brazilian unicorn Ebanx SA kicked off preparations for a potential U.S. listing as the fintech moves ahead with an ambitious plan to expand its payment processing solutions across Latin America, including a new platform integrating cross-border and local transactions.
The so-called Ebanx One, which combines different payment methods into a single system, pledging to unwrap red tape for both international and local customers in the region, is a major step toward an initial public offering, most likely in the U.S., Chief Executive Officer and co-founder Joao Del Valle said.