Our Entrepreneurs

Wagner Alexis Ruiz

Ebanx

Wagner Alexis Ruiz Wagner Alexis Ruiz
Country
Brazil
Industry
Financial Services
Year selected
2012
partners
Alphonse Guilherme Voigt, João Guilherme Del Valle

Company Snapshot

For the average João, online transactions are hardly “online” at all; without an international credit card, he can only make purchases from Brazilian companies. Ebanx changes this entirely, allowing Brazilians to use domestic payments for transactions with merchants anywhere in the world. Ebanx functions by transferring funds between its two subsidiaries in Brazil and Europe: Ebanx Brazil accepts Reais from the average João, converts the Reais to US$, and transfers the US$ to Ebanx Europe, which pays the merchant. This platform could revolutionize e-commerce in Brazil: 85 million Brazilians are online, conducting US$9 billion in transactions, but only 18% have functioning international credit cards and only 3% of transactions are with foreign merchants. These figures suggest potential for a niche solution, and Ebanx’s metrics imply the company has found it.

From the Entrepreneurship Blog

Events

Endeavor eMERGE Dubai Convenes 40+ Entrepreneurs and Network Members to Highlight Human Capital

September 25th, 2014 — by admin

Endeavor hosted an Endeavor eMERGE event in Dubai this month, bringing together top members of the network from the MENA region for two days of networking, workshops and discussion. With a particular…

Read more

In the news

Mexico's Kubo.Financiero, A Microfinance Platform, Receives $1.7 Million Investment

September 25th, 2014 — by admin

Mexico's kubo.financiero recently raised nearly $1.7 million in an investment round led by venture firms Alta Ventures Mexico and  Capital Emprendedor, bringing the company's total funding to $3.7 mil…

Read more

Contact us

Press center

Community

Newsletter Sign Up