Mercado Pago is a digital banking and payment processing platform that provides financial services, credit solutions, and payment tools for individuals and businesses.
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Mercado Pago is a fintech company headquartered in Brazil. Its most recent funding round, Debt, raised $466M in November 2023.
Every round on record:
| Date | Round | Amount | Investors |
|---|---|---|---|
| Debt | $466M | 3 named |
Who invested in each round, lead investors, valuations and the co-investor graph — open the full funding history →
A few of Mercado Pago's closest competitors — see the full list of competitors and alternatives →
PagSeguro (PagBank) provides digital banking and financial services for individuals and businesses in Brazil. Its offerings include digital accounts, physical card payment machines, online checkout solutions, investment options, credit cards, loans, and insurance products.
PAG S.A. Meios de Pagamento (PagBank) provides digital banking, payment processing, and financial services for individual consumers and businesses in Brazil. Its product offerings include digital checking accounts, point-of-sale (POS) card machines, online payment solutions, credit and debit cards, loans, investments, and insurance.
PagSeguro Digital Ltd., together with its subsidiaries, engages in the provision of financial and payment solutions for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. It provides digital banking solutions, including deposits, top-ups, debt management services, tax collections, wire transfers, ATM withdrawals, and various online and point-of-sale (POS) payment solutions; cards, such as debit, credit, cash, and prepaid cards; and credit products comprising FGTS withdrawals, payroll loans, working capital loans, and overdraft accounts. The company offers insurance services, including account, card, home, business, health assistance, life, and credit life insurance; investment services, such as investment and portfolio advisory, financial education, brokerage, fund management, treasury, and research services; and operates Shopping PagBank, a marketplace for various brands. In addition, it provides software solutions comprising PagVendas, a POS software app; ClubPag, a marketing tool that allows merchants to advertise across client base, available for POS devices; and PlugPag, a wireless solution that connects the machine to the commercial automation system, via Bluetooth technology. The company was founded in 2006 and is headquartered in São Paulo, Brazil.
PicPay is a digital banking platform that provides financial services to individuals in Brazil, including digital accounts with daily yields, credit cards, loans, investment options, insurance, and PIX payment processing. The company allows users to manage multiple bank accounts and handle everyday financial transactions through a single mobile application.
RecargaPay is a digital payment institution and financial platform that provides mobile applications for individuals and businesses. It offers services such as credit cards, PIX transfers, bill payments, mobile and transport recharges, personal loans, yield-generating account balances, and payment processing tools like Tap to Pay.
Neon Pagamentos provides a complete digital banking platform for individuals and micro-entrepreneurs in Brazil. Its services include checking accounts, credit and debit cards with no annual fees, personal and payroll loans, investments through certificates of deposit (CDB), and Pix transactions.
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