YellowPepper raises $15m for Latin American push

YellowPepper raises $15M for Latin American push

27 AUG 2013

YellowPepper, a Latin American tech company providing mobile banking and payment solutions in the region, has raised $15 million in a Series C fund-raising round.

According to the Miami Herald (YellowPepper is now based in Miami), the latest funding round was led by Latin Idea Ventures and brings the company’s total venture funding up to $30 million.

Other existing investors include IFC (International Finance Corporation), which is part of the World Bank Group.

Serge Elkiner (pictured), YellowPepper’s chief executive and co-founder – according to the Miami Herald – said the funding will be used to sharpen the company’s portfolio and bolster its presence in four ‘key’ markets: Colombia, Mexico, Ecuador and Peru.

The US might also be in YellowPepper’s sights, adds the report.

According to YellowPepper’s website, the company has over 80 employees and operates in six countries. The firm says it enables over 4 million customers to execute around 25 million transactions per month.

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Ken Wieland

Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight...More

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