Our Entrepreneurs

Martin Schrimpff

PayU LatAm

Martin Schrimpff Martin Schrimpff
“I saw an opportunity to build a leading online payment company in Latin America.”
Country
Colombia
Industry
Technology
Employees
110
Year selected
2010
partner
José Fernando Vélez
Website

Company Snapshot

As the PayPal of Colombia, PayU LatAm (formerly PagosOnline) specializes in integrating local forms of payment—such as cash or bank transfers—into their online payment platform. In Colombia, the percentage of internet users has grown to 42% (up from 11% four years ago) and the nascent e-commerce market is growing 40% annually…yet credit cards are only used by 17% of the population. By meeting the demands of a new type of online shopper, PayU LatAm has become a domestic industry leader, capturing a majority of transactions of the Colombian e-commerce market.

Now, Jose and Martin have their sights on Latin America’s US$28 billion e-commerce market. With a stable of international clients such as Sony, Telefónica and Amway, PayU LatAm is poised to expand throughout the continent. Their vision is to offer alternative local payments to international merchants and grow PayU LatAm into the leading Latin American online payment company by 2020.

From the Entrepreneurship Blog

Events

40 High-Impact Entrepreneurs from 13 Countries Join Network at the 56th International Selection Panel in Miami; Endeavor Reaches Milestone of A Thousand Entrepreneurs Selected

December 12th, 2014 — by admin

Miami, FL – December 11, 2014 – Endeavor selected 40 high-impact entrepreneurs leading 22 companies in 13 countries at its 56th International Selection Panel. Endeavor now supports 1,030 High-Impac…

Read more

In the news

2014 Global Entrepreneurship Summit in Morocco Spotlights the Endeavor Network

December 1st, 2014 — by admin

The 5th Annual Global Entrepreneurship Summit took place in Marrakech, Morocco this year, serving as one of the world's largest celebrations of entrepreneurs who bring ideas to life by creating ente…

Read more

Contact us

Press center

Community

Newsletter Sign Up