Pagaloop is a fintech platform that enables business owners and individuals in Latin America to pay, get paid, and extend their cash flow by using credit cards for expenses that traditionally could not be paid with this method. Pagaloop partners with a wide network—including federal and local governments, AMEX, HSBC, schools, and universities—to facilitate these payments. The service allows users to pay third parties (such as landlords, tax authorities, payroll, or suppliers) who typically do not accept credit cards, in exchange for a fee of 4.7% plus taxes.
Pagaloop stands out by offering flexible payment terms, allowing users to spread payments over 3, 6, 9, or 12 months with accessible commissions. Importantly, Pagaloop does not assume underwriting risk; instead, the credit risk remains with the issuer of the credit card line, making the model less risky for the company itself.
What technology enables Pagaloop's service?
Pagaloop leverages partnerships with major payment networks and banks, as well as integrations with local and federal government payment systems. By acting as an intermediary, Pagaloop can process credit card payments and transfer the funds to recipients who otherwise would not support card payments. This approach helps bridge the digital payment gap in Latin America, where cash and bank transfers are still dominant for many business expenses.
Who uses Pagaloop?
Pagaloop primarily serves small and medium-sized businesses, entrepreneurs, and freelancers across Mexico and broader Latin America. Typical users include business owners needing to pay rent, taxes, payroll, or suppliers—especially when those recipients do not accept card payments directly. The platform is also attractive for individuals seeking to optimize their cash flow by financing key expenses over time.
Who are Pagaloop's competitors?
Pagaloop operates in the Latin American fintech and business expense financing space. Notable competitors include:
- Clara: Offers corporate credit cards and an expense management platform for businesses to control and monitor company spending.
- Tuily: A Colombian fintech providing business credit cards and expense management tools aimed at entrepreneurs and small businesses.
- Visa: Partners with fintechs like Tribal to expand small business payment and financing solutions in Latin America.
- Mastercard: Focuses on financial inclusion and payment solutions, supporting fintechs expanding access to credit and digital payments in the region.
These companies address similar pain points—helping businesses access credit and manage payments—but Pagaloop is distinctive in its focus on enabling credit card use for payments to recipients who do not accept cards, expanding flexibility and cash flow for Latin American businesses.
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