Provides a Banking as a Service platform enabling businesses in Latin America to launch and manage card issuing programs, including credit, debit, and prepaid options, through customizable APIs or a no-code white-label solution. Simplifies client onboarding, KYC compliance, and wallet integration, allowing companies like marketplaces, lenders, and fintechs to offer USD-backed Mastercard products and generate new revenue streams within weeks.
Funding
$3.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
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- Startup funding source · Source unavailable
- Startup funding source · Source unavailable
- Startup funding source · Source unavailable
- Startup funding source · Source unavailable
Founders
Product
Problem
Many businesses in Latin America face challenges in launching and managing their own card issuing programs due to the complexities of regulatory compliance, client onboarding, and integration with legacy banking systems. This prevents them from offering customized financial products and capturing new revenue streams.
Solution
PayCaddy offers a Banking as a Service (BaaS) platform that enables businesses in Latin America to easily launch and manage card issuing programs. Through a suite of APIs and a no-code white-label solution, companies can offer credit, debit, and prepaid card options, streamlining client onboarding and KYC compliance. PayCaddy simplifies the process of integrating digital wallets and issuing USD-backed Mastercard products, allowing businesses to quickly offer branded card solutions and generate new revenue streams. The platform offers both a bespoke solution for clients with tech teams and an express solution for non-technical clients.
Target Audience
PayCaddy targets marketplaces, gig work platforms, crypto exchanges, retail companies, lenders, and fintechs in Latin America looking to offer card-based financial products to their customers or employees.
Features
- API-based platform for integrating card issuing functionality into existing systems
- No-code white-label solution for businesses without development resources
- Support for credit, debit, and prepaid card programs
- Digital wallet integration for managing cardholder funds
- KYC and AML compliance tools for streamlined onboarding
- Customizable card designs and branding options
- Real-time transaction monitoring and reporting
- Two wallet types: a credit wallet to manage credit lines or a prepaid wallet for prefunded operations