Pagaloop Analysis
What is Pagaloop?
Pagaloop is a financial service enabling users to pay taxes and expenses in Mexico City via credit cards, enhancing liquidity and simplifying payment processes.
Employees
23
Founded
2020
Revenue
$1.8-6.8M
Company Stage
Seed
YC Batch
W21
Product Features & Capabilities
- Payment of CDMX taxes with credit card, immediate liquidity using credit cards, payments and collections 24/7, secure transactions with data protection, ability to defer payments to 3, 6, 9, or 12 months, rewards from credit card issuers, convenience of managing multiple cards and beneficiaries with
Pricing
- Pagaloop charges a fee of 4.7% plus VAT on the amount of each payment order.
- If the customer wishes to defer payment over several monthly installments, an additional variable interest rate will apply, which will be displayed in the application before the customer authorizes a payment order.
Who are the founders of Pagaloop
GB
Gerardo Briones
Founder & CEO
CC
Carlos Cruz
Founder & CTO
Business Model
Utilizes credit card payments for liquidity; revenue from transaction fees and partnerships.
Competitors Overview
Pagaloop operates in a competitive landscape of financial services in Mexico, particularly focusing on payment processing for taxes and other expenses. The main competitors identified include:
- RetryPay: Offers a payment carousel with multiple gateways to enhance acceptance rates and reduce f
Market Focus
Pagaloop primarily focuses on the financial services industry, specifically providing payment solutions for taxes and other expenses in Mexico City using credit cards.
Investors
- Y Combinator
- Nazca Ventures
- Vast Ventures
- G2 Momentum Capital
- Softeq Venture Studio
Company Pricing
- Pagaloop charges a fee of 4.7% plus VAT on the amount of each payment order.
- If the customer wishes to defer payment over several monthly installments, an additional variable interest rate will apply, which will be displayed in the application before the customer authorizes a payment order.
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