Pagaloop

Pagaloop, initially known as Pagaloop (W21), is a fintech company headquartered in Mexico City, CDMX, Mexico, with operations extending remotely across Latin America. The company, which was part of the Y Combinator W21 batch and launched in March 2021, employs a team of 23 professionals. Pagaloop operates within the payments sub-industry of fintech, offering an app available on both the App Store and Google Play Store. This app allows users to make immediate payments and collections 24/7 without the need for approvals or new credits, and to defer payments over periods of 3, 6, 9, or 12 months. Security is a priority for Pagaloop, which ensures data protection through national and international certifications and replaces traditional credit card data with unique tokens or codes. Users benefit from continued rewards from their bank’s credit cards, such as points and cashback, while using Pagaloop’s services. Additionally, the company offers visibility of all transactions to ensure security and rewards user loyalty with additional benefits. Pagaloop has formed significant partnerships, including with the Treasury of CDMX, allowing users to pay fiscal contributions via credit card. The company also supports business owners and individuals in managing payments for expenses like rent and taxes, charging a fee of 4.7% (+ taxes) for payments to third parties typically not accepting credit cards. With a broad network of partners including federal and local governments, AMEX, HSBC, schools, and universities, Pagaloop is positioned as a key player in the Latin American fintech landscape, focusing on payment solutions without taking on underwriting risks.