What Zinli does

Zinli is a Panama-based digital wallet operator (legal entity MFTECH S.A., Folio 155690800) founded in 2020 that provides USD-denominated financial services to unbanked, semi-banked, and diaspora consumers in Panama, Venezuela, Colombia, Peru, and broader Latin America. The core product is a mobile-first wallet (iOS and Android) paired with virtual and physical Visa prepaid cards, free instant peer-to-peer transfers between Zinli users, and multi-method wallet reloading (ACH/ACH Xpress bank transfer, cash at Punto Pago terminals, credit/debit cards, Tarjeta Clave, Zelle-via-US-bank-card, and cryptocurrency via Cryptofacil). The platform is built on Panama's payment infrastructure including ACH and ACH Xpress real-time settlement rails (via Mercantil Banco) and the Visa Direct network for card transactions, with physical card fulfillment through PedidosYa (under-1-hour delivery), Do it Center retail pickup, and Mastercard Send for global card-to-card transfers.

The business operates multiple monetization streams layered on top of the wallet: subscription tiers ($2.99–$32.89/year) that increase monthly wallet capacity from $500–$1,000 (base, depending on ID type) up to $5,000 and provide discounts on up to five physical cards; per-transaction fees including 3.75% on card reloads, 2.5% on Punto Pago cash reloads, $0.40 per ACH Xpress transfer (plus 1% on international origin), 4% on crypto reloads, $0.99/month card maintenance, $0.39 insufficient-funds fees, and tiered refund/chargeback commissions; insurance referral commissions through Mercantil Seguros; and 4% cross-border remittance commissions on USD-to-Bolívar transfers via the Mercantil Banco portal. The company also offers Zinli Negocios (B2B dashboard for payroll, client collection, and reconciliation with a $5,000/month minimum), Zinli Jóvenes (a minor wallet for ages 12–17 with parental approval), auto-reload, QR-code P2P payments, and Visa Cashback rewards up to 35% at US merchants. The go-to-market is product-led growth via app-store distribution and WhatsApp-based support, with regulatory legitimacy provided by SBP AML/CFT/CPF supervision and FOGADE deposit guarantee display.

Name

Zinli

Legal name

MFTECH S.A.

Website

https://zinli.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Zinli is a Panama-based digital wallet operator (founded 2020, MFTECH S.A.) offering USD-denominated mobile wallets, Visa prepaid virtual and physical cards, free P2P transfers, and multi-method reloading to unbanked, diaspora, and SMB users across Panama, Venezuela, Colombia, and broader Latin America.

Ownership category

akta.pro rank

Product category

Digital Wallet & Neobanking

NAICS

Health and Personal Care Retailers (456)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

International / Multi-Currency Wallets (FSAMAEAL)

akta.pro secondary industry

Youth / Family Wallets & Allowance Payments (FSAMAEAK)

Keywords

• Digital wallet services
• Prepaid debit cards
• Cross-border payments
• Neobanking platform
• Remittance services

Headquarters

HQ city

Ciudad De Panamá

HQ country

Panama

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Subscription Plans (Suscripciones): Monthly or annual subscription fees ($2.99–$32.89/year and up) that unlock higher monthly wallet capacity ($2,000–$5,000 USD), discounted physical card purchases (30% off up to 5 cards/year), and priority customer support. Four tiers with increasing benefits.
2. Transaction and Reload Commissions: Fees on specific transaction types: 3.75% for credit/debit card reloads (min $2.99), 2.5% for cash reload at Punto Pago, 2.99% for Tarjeta Clave reloads, 4% + $0.50 for crypto asset reloads, $0.40 per ACH Xpress bank transfer (1% additional for international origin), 2.5% for card withdrawals (min $2), $1.50 for ATM withdrawals under $30 (5% over $30), and 4% for quasi-cash transactions (min $4.99). ACH to ACH and Zinli-to-Zinli transfers are free.
3. Card Monthly Maintenance Fee: $0.99 monthly fee for card usage and maintenance of the Zinli Visa Prepaid card.
4. Insurance Referral Commission: Zinli earns referral fees by driving insurance product sales through the app via Mercantil Seguros partnership. Users can purchase personal accident, cancer, hospitalization, life, and funeral insurance directly from the app.
5. Cross-border Remittance via Mercantil Portal: 4% commission charged on USD-to-Bolívar conversions sent via the Mercantil Banco payment portal, with the fee included in the debited amount.
6. Over-capacity Recarga Commission: 3% commission applied when a user reloads beyond their monthly wallet capacity limit.
7. Devoluciones (Refunds/Chargebacks): Commission fees on merchant refunds processed to the wallet: $0 for refunds $0–$2, $0.99 for $2.01–$5, $1.99 for $5.01–$200, $3.99 for $200.01+.
8. Insufficient Funds Rejection Fee: $0.39 fee charged per transaction rejected due to insufficient funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Zinli is a digital wallet and neobank platform that lets users hold, send, receive, and spend USD funds via physical and virtual Visa prepaid cards. It serves both individual consumers (Zinli Billetera) and businesses (Zinli Negocios) across Latin America, with additional offerings in subscriptions, international transfers, and insurance.

Product overview

Zinli is a digital wallet platform headquartered in Panama (founded 2020) operating under MFTECH S.A. The core offering is a dollar-denominated mobile wallet paired with Visa prepaid cards (virtual and physical). The platform integrates peer-to-peer transfers, multi-method recharges (bank transfers, cash, cards, cryptocurrency), business payment services, insurance products, and subscription tiers for increased capacity. Key products include the Zinli Billetera Digital core wallet, Tarjeta Virtual/Física Visa Prepagada, Zinli Negocios business module with dedicated dashboard, and Zinli Jóvenes for minors. Subscription plans ($2.99/month or $32.89/year) offer capacity increases up to $5,000 USD and card discounts. The company is supervised by Panama's banking regulator for AML compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Zinli Billetera
• Zinli Negocios
• Zinli Pro and Premium Subscriptions
• Zinli Insurance (LIA)
• International Money Transfers

Quantifiable outcome

• Instantaneous transfers between Zinli users at no cost
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• VisacoreTechnology or IntegrationZinli operates a Visa prepaid card program — both virtual and physical — accepted at millions of merchants worldwide in the Visa network. The partnership provides the card rails, brand, and payment network infrastructure that underpin Zinli's core product. Zinli also participates in the Visa Direct real-time payment overlay and the Visa Cashback reward program.
• Ciudad del SaberminorStrategic or Co-development PartnerCiudad del Saber is a technology and innovation hub in Panama City. Zinli's logo appears on the Ciudad del Saber partners page, suggesting an organizational or tenant relationship at the innovation district.
• Mercantil BancocoreTechnology or IntegrationMercantil Banco (Panama) is the primary banking partner enabling ACH and ACH Xpress transfers to and from Zinli. Users can register Zinli as a recipient in Mercantil's online banking. The partnership also includes a USD-to-Bolívar remittance portal for sending funds to Venezuela, and Zinli offers Mercantile-branded insurance products through the app.
• Punto PagocoreChannel Partner/ Reseller/ DistributorPunto Pago is a cash reload network in Panama where users can deposit cash into their Zinli wallets by selecting Zinli at the Punto Pago terminal and entering their wallet email. The service charges a 2.5% commission per transaction, with a maximum reload of $200 USD.
• PedidosYacoreChannel Partner/ Reseller/ DistributorPedidosYa serves as the express delivery partner for physical Zinli Visa cards in Panama, delivering cards in under 1 hour. Users receive tracking updates via email and the PedidosYa app.
• Do it CentercoreChannel Partner/ Reseller/ DistributorDo it Center is a retail chain in Panama where users can request and immediately pick up their physical Zinli Visa card at any national branch.
• Mercantil SegurosminorChannel Partner/ Reseller/ DistributorMercantil Seguros offers insurance products (personal accident, cancer indemnity, hospitalization, life, and funeral insurance) accessible within the Zinli app via banners and notifications. Zinli acts as a referral/distribution channel, driving insurance sales for Mercantil Seguros. Claims and policy management are handled through the Mercantil Seguros customer portal.
• Superintendencia de Bancos de Panamá (SBP)coreOthersZinli is subject to supervision by the Superintendencia de Bancos de Panamá (SBP) exclusively in matters of Anti-Money Laundering (AML), Counter-Terrorism Financing (CFT), and Counter-Proliferation Financing (CPF) under Law 23 of April 27, 2015 and its amendments. Zinli is listed on the SBP's Register of Obligated Financial Subjects (Medios de Pago).
• FOGADE (Fondo de Garantía de Depósitos)minorOthersFOGADE is Panama's deposit guarantee fund. Zinli displays the SBP/FOGADE badge on its website footer, suggesting coverage of customer deposits under Panama's deposit guarantee scheme.

Scale indicators4 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• Nequi: Nequi is a Colombian digital wallet (backed by Bancolombia) serving consumers and businesses across Colombia and expanding in Latin America. Like Zinli, it offers a mobile-first USD/domestic-currency wallet with P2P transfers and prepaid card features, making it one of the closest regional comparables.
• Daviplata: Daviplata is Davivienda's digital wallet in Colombia, providing P2P transfers, bill payments, and cash-in/cash-out via a broad retail agent network. It directly parallels Zinli's combination of bank-rail integration, cash reload points, and unbanked consumer focus.
• Ualá: Ualá is a Latin American digital wallet and prepaid card serving Argentina, Mexico, and Colombia with Visa/Mastercard rails and P2P transfers. Its regional multi-country footprint and Visa prepaid card model overlap directly with Zinli's product and geographic approach.
• Yappy: Yappy is Banistmo (BanColombia Group)'s digital wallet in Panama, offering P2P transfers, bill payments, and QR code payments to Panamanian consumers. As a domestic competitor operating in Zinli's home market, it represents the most direct head-to-head comparable.
• Payoneer: Payoneer is a cross-border payments platform offering multi-currency accounts, prepaid Mastercard cards, and remittance services to freelancers, SMBs, and diaspora users in Latin America and globally. Its cross-border USD wallet and prepaid card model closely mirrors Zinli's value proposition.
• Tropipay: Tropipay is a digital wallet and prepaid Mastercard focused on Cuban and Latin American diaspora users, offering USD/EUR balances, P2P transfers, and remittance. Its diaspora-focused, multi-currency model and prepaid card issuance make it a niche but directly comparable peer to Zinli.

Broad incumbents

• Mercado Pago: Mercado Pago is Mercado Libre's payments and digital wallet platform operating across most of Latin America, offering prepaid cards, P2P transfers, credit, and merchant acquiring. It is a broad incumbent with overlapping capabilities but operates at vastly larger scale than Zinli.
• PayPal: PayPal is a global digital wallet and online payments platform serving consumers and merchants worldwide, including Latin America. It is a broad incumbent with overlapping USD-denominated wallet, P2P, and prepaid card functionality, though it targets a different customer base.

Emerging players

• Movii: Movii is a Colombian digital wallet and prepaid card focused on the unbanked and underbanked, offering P2P transfers, cash reloads, and bill payments. It targets a similar unbanked consumer base as Zinli, with overlapping wallet, prepaid card, and remittance features.
• Mach: Mach is a Chilean digital wallet and prepaid card from Banco de Chile/Banco Internacional, offering P2P transfers and merchant payments to consumers and youth segments. Its prepaid card + mobile wallet structure for retail consumers is comparable to Zinli's product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/somoszinli
• Facebookfacebook.com/somoszinli

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Zinli