YellowPepper lands $19M in venture capital
South Florida Business Journal
Miami-based YellowPepper just closed a $19 million funding round to further develop its Yepex mobile payment app.
Mexico’s LIV Capital led the round. Other investors included Mexico Ventures, Fondo de Fondos and International Finance Corporation/World Bank Group.
Yepex aims to help customers in Latin America pay for purchases with a smartphone. It launched in Colombia and Mexico on the heels of the U.S. debut of Apple Pay, Apple’s mobile payments service.
“People believe that mobile payments is going to happen,” YellowPepper CEO Serge Elkiner told the Business Journal in November. “Even Apple now believes that it’s going to happen. So now it’s a question of making sure people know how it works.”
YellowPepper launched in 2004 to provide mobile banking services to Latin American countries.