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Eupago raises capital to €1M to attack’ Web Summit

After entering as Alpha in 2017, Beta in 2018 and 2019, entering the Technology summit as growth, Fintech becomes the payment institution with the largest equity to operate in Digital Payments

euPago announced today that it had increased its equity to €1m, presenting itself as the Payment Institution with the largest equity operating in digital payments in Portugal.

Fintech’s objective is to attest to its strength before potential clients and international investors at the Web Summit from November 1st to 4th, considering that the event generates unique growth opportunities and exclusive international visibility.

We were born as a startup at the Web Summit and we are proof of its long-lasting effects, growing sustainably over the years“, emphasizes Temo Santos, CEO of the company, recalling that in 2017 they participated in the fair as Alpha, in 2018 and 2019 as Beta and, in 2021, will participate as Growth, proving its growth in size and revenue.

euPago is a Portuguese company accredited and supervised by Bank of Portugal, created in 2015 and specialized in supporting payments made over the internet with solutions ranging from corporate e-commerce to private sales, namely Payshop, Paysafecard, MBway, Paysafecash and Debit Direct.

The company started activity with Multibanco and Payshop as available payment methods. In June 2015 it added the MBway service to its payment methods. During the month of July it began to process the collection of water bills, reaching in September the first 500 customers.

In 2020, approximately 10 million transactions were carried out, distributed by more than 9,000 thousand customers. The Portuguese company, which already operates at the Bank of Spain, is undergoing an intense process of attracting customers in the country and the company’s medium-term objectives clearly involve European expansion.

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