What Fintoc does

Fintoc is a Latam payment infrastructure company headquartered in Santiago, Chile, operating as a "Payment Operating System" that connects payment methods, bank accounts, ERP/CRM systems, and internal business operations through a single API. The platform serves online businesses, e-commerce merchants, subscription-based companies, and enterprises — including Rappi, MercadoPago, CMR Falabella, WOM, BCI, Sencillito, and Tenpo — across Chile and Mexico. The product surface comprises four core modules: Smart Checkout (unified online payment acceptance with automatic method optimization), Pagos Recurrentes (recurring billing with smart retry logic), Transfers (programmatic money initiation, receipt, and reconciliation across SPEI, TEF, and CLABEs), and Connections (bank data aggregation for reconciliation). The company makes money primarily through transaction-based fees on account-to-account payments, which are positioned at up to 60% lower cost than card rails.

Fintoc's technical infrastructure is unusually deep for a company of its size: 77% of the team is engineering, the two co-founders (Cristóbal Griffero and Lukas Zorich) are software engineers, and the team has built in-house a custom Redis-backed proxy pool handling 4M+ daily requests to financial institutions, a proprietary xstate-based state machine widget meta-framework, and a runtime configuration system managing 46M+ monthly jobs. The architecture processes 5M+ API requests per day and supports 6–9 production deploys daily. The platform holds Chile CMF authorization as a non-bank CPF issuer (code N°764) and Mexico IFPE authorization with direct SPEI connectivity, along with ISO 27001 and PCI DSS Level 1 certifications.

Go-to-market is hybrid: self-serve API access with extensive documentation, SDKs, a CLI, and the Fintoc MCP server (which exposes payment operations directly to AI agents in Claude, Cursor, Codex, and ChatGPT) for SMB and developer-led acquisition, paired with a direct enterprise sales motion for larger clients such as Rappi. The company is venture-backed by Y Combinator, Monashees, and Propel (among others), with cumulative funding of approximately $10.7M and a stated customer base of 1,200+ companies.

Name

Fintoc

Legal name

Fintoc SpA

Website

https://fintoc.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Fintoc is a Chilean payment infrastructure company operating a "Payment Operating System" API that lets Latam online businesses accept, reconcile, and optimize payments (cards, bank transfers, wallets) across Chile and Mexico. It serves 1,200+ merchants and enterprises including Rappi, MercadoPago, CMR Falabella, WOM, and BCI, generating revenue via transaction fees on account-to-account rails with up to 60% lower cost than card payments.

Ownership category

akta.pro rank

Product category

Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Payment Orchestration Platforms (FSAGABAA)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ)

Keywords

• Payment infrastructure api
• Account-to-account payments
• Payment operating system
• Recurring billing software
• Latam fintech payments

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Transaction Processing Fees: Fintoc charges businesses a transaction fee for each payment processed through its platform. The company highlights that account-to-account payment fees are up to 60% lower than credit card transaction fees, providing cost savings to merchants while generating revenue through a take-rate on each transaction.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Fintoc provides a unified payment operating system, exposed primarily as an API, that lets online businesses in Latin America accept, optimize, and reconcile payments across multiple methods including account-to-account bank transfers, cards, and wallets. The platform combines a unified checkout, recurring billing with smart retry, programmatic money movement, and bank data aggregation, and is sold to merchants and enterprises in Chile and Mexico on a per-transaction basis at commissions up to 60% lower than credit card payments.

Product overview

Fintoc is a Payment Operating System (Sistema Operativo de Pagos) for businesses in Latin America, operating as a platform-plus-modules architecture. The core platform unifies payment acceptance, reconciliation, and money movement through four main products: Smart Checkout (unified online payment acceptance and optimization), Pagos Recurrentes (recurring payment and subscription automation), Transfers (programmatic money initiation and disbursement), and Connections (bank account data aggregation). Agentic Commerce adds AI-driven automation for support and collections. The platform supports Chile and Mexico, connecting to local payment rails (CCA in Chile, SPEI in Mexico) and offering integrations with e-commerce platforms (VTEX, Shopify, Magento), Zapier for workflow automation, and Apple Pay for one-click payments.

Differentiator

Problem solved

Functional benefit

Products and services

• Smart Checkout A unified checkout interface that lets online businesses accept and optimize all payment methods (cards, bank transfers, wallets) without writing code, automatically selecting the best method per transaction by performance, cost, or availability.
• Pagos Recurrentes (Recurring Payments) Subscription and billing automation platform that lets businesses create payment plans, enroll customer payment methods, and execute charges with smart retry logic, personalized reminders, and advanced rules to maximize collection rates.
• Transfers Programmatic money initiation, receipt, and reconciliation service supporting SPEI, TEF, and CLABEs in Mexico, with dedicated account numbers for payins, payouts to users or suppliers, wallet services, and bulk payroll disbursements.
• Connections (Data Aggregation) Bank account connection service that lets businesses pull balances and account movements, with real-time refresh intents via widget and webhook notifications and fiscal links for document management.
• Agentic Commerce (AI Agents) AI-powered commerce automation module that lets AI agents deliver support to payers, automate collections with custom flows, and retry failed payments or send payment links.
• Fintoc MCP (Model Context Protocol) An MCP server connecting Fintoc's API and documentation directly to AI coding assistants and agents, enabling conversational payment operations, documentation search, and resource querying within AI chat interfaces.

Quantifiable outcome

• Up to 60% lower transaction costs compared to credit card payments
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature9 records

Partnerships

Three partnerships are on record, tiered core.

• RappicoreStrategic or Co-development Partner · 25 May 2026Rappi, one of the largest delivery apps in Latin America with operations in 9 countries and 30+ million users, integrated Fintoc into its checkout in Chile. This enables Rappi users to pay directly via bank transfer without needing credit cards, improving conversion and expanding the payer universe.
• VTEXcoreTechnology or Integration · 5 September 2023Fintoc is natively integrated with VTEX, the leading e-commerce platform in Latin America. VTEX merchants can add Fintoc as a payment method in under 5 minutes without coding, accessing account-to-account payments with up to 60% lower commissions than credit cards.
• ShopifycoreTechnology or IntegrationFintoc is available in the Shopify App Store for merchants in Chile and Mexico, allowing Shopify store owners to add Fintoc as a payment method to accept bank transfers, reducing transaction costs and expanding payment options.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Belvo: Belvo is a Latam-focused open banking and payment initiation API offering bank account connections, A2A payments, and data aggregation across Mexico, Brazil, and Colombia. It is the closest direct competitor to Fintoc in product, geography, and customer segment.
• Kushki: Kushki is a Latam payment infrastructure provider offering online payment acceptance, recurring billing, and disbursements across multiple countries. It competes head-to-head with Fintoc's Smart Checkout, Pagos Recurrentes, and Transfers products.
• Conekta: Conekta is a Mexico-based online payment gateway offering card processing, OXXO cash payments, recurring billing, and payouts. It is a direct competitor for Fintoc's Mexico market presence, particularly for SMB and mid-market merchants.
• Plaid: Plaid is a global bank-account data aggregation and payment initiation API. Its Connections product overlaps directly with Fintoc's data aggregation and A2A payment-initiation capabilities, and it represents the global benchmark Fintoc's infrastructure is built to match.

Broad incumbents

• dLocal: dLocal is a public cross-border payment processor focused on emerging markets including Latam. It competes with Fintoc at the larger enterprise and cross-border level, particularly for global merchants needing Latam payment rails.
• Stripe: Stripe is a global payment platform with a growing Latam presence, offering card processing, Stripe Connect, and increasingly A2A rails. It is a broad incumbent that competes with Fintoc for enterprise payment volume and developer mind share.
• Adyen: Adyen is a global enterprise payment platform expanding into Latam with unified commerce and payment processing capabilities. It competes with Fintoc for large merchants and platforms needing multi-method, multi-country payment orchestration.
• MercadoPago: MercadoPago is Latam's largest digital payments platform, offering checkout, financing, QR payments, and disbursements. It is both a Fintoc customer and a competitor, particularly for SMB merchants in Mexico and Chile where its offline-to-online push overlaps with Fintoc's value proposition.

Regional players

• Clip: Clip is a Mexico-focused payments company offering card acceptance and disbursements to SMBs. While primarily offline/POS-focused, its expansion into online payment acceptance makes it an emerging competitor in Fintoc's Mexico SMB target segment.

Emerging players

• Higo: Higo is a Latam B2B payments platform offering payment links, recurring billing, and collections automation. It overlaps with Fintoc's Pagos Recurrentes and AI-powered collections roadmap, particularly for mid-market subscription and B2B use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/fintoc-com
• Xx.com/_fintoc
• Facebookfacebook.com/fintoccom
• LinkedInlinkedin.com/company/fintoc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fintoc