Localpayment

What Localpayment does

Localpayment is a Buenos Aires-headquartered payment infrastructure company operating as a subsidiary of Aleph Group. Founded in 2021, the company provides a single-API platform that enables cross-border payment collection, disbursement, treasury, and foreign exchange across emerging markets, with a concentration in Latin America and an active global expansion track. Its client base spans verticals including gaming, travel, retail, remittance and fintech, ride-hailing and food delivery, cryptocurrency, and payroll & HR, served through a mix of self-serve developer onboarding via a public documentation portal and a sales-assisted enterprise motion qualified by monthly transaction volume tiers.

The platform is built around three core product modules — Pay-in (collection via cards, bank transfers, and local wallets), Pay-out (instant disbursements through local banking networks), and Treasury & FX (settlement and multi-currency conversion) — complemented by add-on features such as virtual accounts, crypto on/off-ramp, smart routing and cascading, high-value ticket processing, and an AI-powered fraud engine. The technology layer emphasizes interoperability through a unified REST API and intelligent routing to maximize transaction success rates across heterogeneous local payment methods, with PCI DSS, GDPR, and SOC compliance certifications.

Localpayment operates licensed or registered payment entities in 18+ jurisdictions (Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay), including LP do Brasil Instituição de Pagamento LTDA and Pagos Locales Chile S.A. It monetizes via transaction-based fees on payin, payout, and FX operations, with quote-based enterprise pricing and a contact-form qualification process that segments prospects by monthly transaction volume tiers ranging from under $50K to over $10M. The company is API-first in its go-to-market and jointly processes billions in annual payment volume alongside parent Aleph Group's broader advertising and platform network, with CEO Ezequiel Israel listed as the named executive.

Name

Localpayment

Legal name

Localpayment

Website

https://localpayment.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Localpayment is a Buenos Aires-based payment infrastructure subsidiary of Aleph Group that provides a single-API platform for cross-border payments in emerging markets, serving gaming, travel, fintech, crypto, and payroll clients across 18+ licensed jurisdictions in Latin America and Canada.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Merchant Cross-Border Collections (Pay-ins) & Local Payment Methods (FSAGAKAD)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Cross-border Payments & FX for E-commerce (CRAFALAF), Card-Based Cross-Border Payments & FX Settlement (FSAMAIAD)

Keywords

• Cross-border payments
• Payment API integration
• Local payment methods
• Emerging markets payments
• FX conversion services

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction-based Payment Processing: Revenue generated from processing cross-border payments through API, charging transaction fees on payin, payout, and currency conversion operations across emerging markets in Latin America and globally
2. Treasury & FX Services: Revenue from foreign exchange conversions and treasury management services including money transfers, settlements, and instant currency conversions locally or globally

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Localpayment provides cross-border payment processing for emerging markets through a single unified REST API. The platform enables businesses to collect payments (pay-in), send money (pay-out), and manage treasury and foreign exchange operations across Latin America and other emerging markets using local payment methods including cards, bank transfers, and local wallets. It serves as the payments arm of Aleph Group, processing billions in payments annually with 19 regulated entities across Latin America.

Product overview

Localpayment is a unified payment platform offering end-to-end cross-border payment solutions in emerging markets through a single API. The core platform consists of three interconnected modules: Pay-in for collecting customer payments, Pay-out for sending money via local banking networks, and Treasury & FX for money transfer, settlement, and currency conversion. Additional features include virtual accounts, crypto on/off ramp capabilities, smart routing and cascading for optimized payment flows, high-value ticket processing, and a fraud engine for transaction security. All services are accessible through a single API integration.

Differentiator

Problem solved

Functional benefit

Products and services

• Pay-in

Quantifiable outcome

• Industry-leading success rates for cross-border payments
• +1 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature7 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Aleph GroupflagshipStrategic or Co-development PartnerParent company relationship. Localpayment is part of Aleph Group, jointly processing billions in payments annually with extensive bank coverage and industry-leading success rates. Aleph connects 26,000+ advertisers with 55+ digital platforms in 130+ markets, providing the network and scale foundation for Localpayment's cross-border payment services.
• SpotifycoreStrategic or Co-development PartnerPlatform partner trusting Aleph in high growth markets. Spotify uses Aleph's digital advertising infrastructure across emerging markets for user acquisition and marketing.
• MicrosoftcoreStrategic or Co-development PartnerPlatform partner trusting Aleph in high growth markets. Microsoft leverages Aleph's advertising network for Xbox, Azure, and other product marketing across emerging markets.
• Amazon AdscoreStrategic or Co-development PartnerPlatform partner trusting Aleph in high growth markets. Amazon uses Aleph's network for advertising and customer acquisition across Latin America and other emerging regions.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• dLocal: Uruguay-headquartered emerging-markets payment processor offering cross-border pay-in and pay-out through local payment methods via a single API across Latam, Africa, and Asia — virtually identical product model to Localpayment, making it the most directly comparable peer.
• EBANX: Brazilian cross-border payments specialist serving global merchants seeking to accept payments and disburse funds in Latam via local methods; same Latam-first, single-API, emerging-markets focus as Localpayment.
• Rapyd: Global fintech-as-a-service network providing local payment methods, payouts, FX and card issuing across 100+ countries through one API — competes head-to-head with Localpayment for enterprise merchants wanting emerging-markets coverage.
• Thunes: Cross-border payments network enabling collections, payouts, and FX across 130+ countries with deep emerging-markets reach; overlaps directly with Localpayment's pay-in, pay-out, and treasury offering.
• Nium: Embedded cross-border payments platform offering real-time payouts, pay-ins, card issuing and FX via a single API — directly comparable API-first cross-border infrastructure competing for the same enterprise segments as Localpayment.
• TerraPay: Cross-border money movement network connecting senders and receivers across 200+ countries and territories, with focus on remittances, payouts, and merchant collections — substantially the same cross-border pay-in/pay-out use cases as Localpayment.
• PayRetailers: Latam-focused payment processor providing local payment method acceptance and payouts for online merchants through a single integration — narrow but directly competitive for the same Latam merchants Localpayment targets.

Broad incumbents

• Payoneer: Established global cross-border payments platform serving freelancers, marketplaces, and businesses with mass payouts and FX in emerging markets — broader scope but overlapping functionality in cross-border pay-out and FX for SMBs and platforms.
• Stripe: Global payments incumbent with growing coverage of Latam local payment methods via Stripe Payments and Stripe Connect — competes for enterprise merchants entering emerging markets, though typically through larger global contracts.

Regional players

• PingPong: Cross-border payment platform focused on Asia-based merchants selling globally with emerging-markets payouts, providing comparable cross-border pay-out and FX infrastructure though primarily Asia-rooted rather than Latam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/localpayment

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Localpayment