MEXICO CITY, May 4, 2017 /PRNewswire/ -- Sr. Pago, the first 100% Mexican financial integrator for acceptance of credit and debit cards provided for the country's non-banking population, through the placement of its Series A has successfully raised four million dollars in capital, thus ensuring the acceleration of its operations and underpinning its long-term vision.
This raising of capital is taking place thanks to the confidence of three recognized investment funds: IGNIA and EB Capital, with headquarters in Mexico City, and an international fund with its headquarters in Miami, FL, which through this capitalization have become strategic partners of Sr. Pago, supporting the business model of this Mexican Fintech company as the only one that has the country's non-banking economically active population as its primary market and main consumer.
The recent capitalization will enable this aggregator to accelerate its business model, underwriting the company's commercial efforts, together with a directed communication and marketing strategy that will allow for a better positioning of the brand as well as the products and services it offers. Sr. Pago closed operations last year with some 50,000 devices installed in the national territory, and this year hopes to reach the goal of quintupling its operations.
Pablo González, company CEO and founder, said, "Sr. Pago has been a story where the main player is perseverance, we haven't once dropped our guard since we began this adventure, and today, thanks to the confidence of our partners, we are setting off in the direction we'd been seeking; we are fully convinced this is the way to bring the benefits of the traditional system closer to the population, which makes us leaders in bringing about a change in the country's financial model that will enable us all to grow."
Sr. Pago is the first 100% Mexican company that has a mobile device for electronic payment via credit or debit cards. Sr. Pago has the highest standards of quality and computer security, and it is revolutionizing the country's traditional payment systems. As part of its mission, it focuses on developing technological applications that make it possible to avoid the frictions of the traditional system, bringing within reach of the non-banking public a variety of payment schemes that allow for real financial inclusion in Mexico.
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SOURCE Sr. Pago