Red Chapina

What Red Chapina does

Red Chapina is a Guatemalan-licensed remittance company founded in 2013 that operates a mobile-first platform enabling individuals in Guatemala to send international money transfers to recipients in over 200 countries. The company is registered as a fund transfer company with Guatemala's Intendencia de Verificación Especial (IVE) and is subject to the country's anti-money laundering framework under Decreto 67-2001, including mandatory 5-year record retention and ongoing screening against UN, OFAC, and EU watchlists. Its core product is the RCH App, available on iOS and Android, which supports fully self-service onboarding (with video-based facial biometric verification and GPS geofencing to confirm Guatemalan presence), beneficiary management, balance pre-loading (Saldo Anticipado), and transfer execution.

The underlying technology stack combines mobile-first UX with biometric KYC and GPS-based regulatory enforcement. Users can pay via pre-loaded bank-transfer balance (lower fees) or credit/debit card (standard fees); recipients can collect via cash pickup at bank teller windows (Ventanilla), direct bank-account deposit (Depósito a Cuenta), or a digital wallet (Wallet). Payouts are delivered through the VTP (Red de Pagos Transfronterizos) cross-border network spanning Guatemala, El Salvador, Honduras, Costa Rica, and Mexico, as well as through partnerships with MoneyGram and more than 20 additional international money transfer operators and banks (Bancolombia, Davivienda, Nequi, Banorte, Walmart, Banco Agrícola, Banco Atlántida, and others).

Red Chapina earns revenue primarily through transaction commissions denominated in Guatemalan quetzales, with rates varying by destination country, transfer amount, and payment method, plus applicable IVA. Transfer limits are capped at $1,000 per transaction and $3,000 per 30 days for most destinations. Go-to-market is direct-to-consumer, mobile-first, with no third-party resellers on the send side; customer acquisition relies on app-store distribution, organic social (Facebook, Instagram, YouTube, LinkedIn), email, and a 2025 referral program offering 50% commission discounts to both referrer and referee. The firm employs 11–50 people and operates from its headquarters in Guatemala City (zona 10).

Name

Red Chapina

Legal name

RED CHAPINA

Website

https://redchapina.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Red Chapina is a Guatemalan-licensed, mobile-first remittance company founded in 2013 that enables individuals in Guatemala to send international money transfers via its RCH App to recipients in 200+ countries, earning transaction-based fees and operating the VTP cross-border payout network across five Central American countries.

Ownership category

akta.pro rank

Product category

Remittance Services

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industries

Consumer Remittances (P2P) (FSAMAIAA), Cross-Border & FX Payments Platforms (BPAMAFAK), International / Multi-Currency Wallets (FSAMAEAL)

Keywords

• Remittance services
• International money transfer
• Mobile remittance app
• Cross-border payments
• Digital money transfer

Headquarters

HQ city

Mixcos

HQ country

Guatemala

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Remittance Transaction Fees: Red Chapina charges a commission per remittance sent, denominated in Guatemalan quetzales, which varies based on destination country, transfer amount, and payment method. An additional VAT (IVA) is applied to the commission.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Red Chapina operates a mobile-first remittance platform (RCH App) that allows Guatemalan individuals to send international money transfers to over 200 countries. Users can register, add beneficiaries, fund their account, and initiate transfers through the iOS/Android application. The platform integrates with more than 20 money transfer companies and a broad payout network (VTP) across Guatemala, El Salvador, Honduras, Costa Rica, and Mexico, supporting payouts via bank teller windows, direct bank account deposits, and digital wallets.

Product overview

Red Chapina is a remittance processing company founded in 2013, operating as a money transfer platform from Guatemala to worldwide destinations. The core offering consists of the RCH App (Red Chapina mobile application) as the primary digital channel, supplemented by Ventanilla counter services for cash withdrawals, Depósito a Cuenta for bank account deposits, and Wallet for digital wallet payments. Users can send money to over 200 countries with the ability to withdraw at VTP network points across Guatemala, El Salvador, Honduras, Costa Rica, and Mexico, or through direct bank account deposits. The platform supports payment via pre-loaded balance (Saldo Anticipado) or credit/debit cards, with MoneyGram partnerships enabling international reach.

Differentiator

Problem solved

Functional benefit

Brands

• VTP: Payment network brand used for remittance collection and disbursement services across Guatemala, El Salvador, Honduras, Costa Rica, and Mexico.

Products and services

• RCH App (Red Chapina Mobile Application) Mobile application for iOS and Android that enables Guatemalan individual users to register, manage beneficiaries, fund their account, and send international money remittances to over 200 countries, with transaction confirmation typically delivered within minutes.
• Ventanilla (Counter Service) Counter-based cash withdrawal service that allows beneficiaries to collect remittances in cash at bank branch locations within Red Chapina's partner payment network across Central America and Mexico.
• Depósito a Cuenta (Account Deposit) Remittance payout service that allows senders to deposit funds directly into a beneficiary's bank account rather than requiring cash pickup, with banking partners including Bancolombia, Davivienda, Banorte, and others.
• Wallet (Digital Wallet Payout) Digital wallet payout option within the Red Chapina platform that enables funds to be sent directly to supported digital wallet providers, offering beneficiaries an electronic collection method.
• Saldo Anticipado (Pre-loaded Balance) Pre-loaded account balance offering that allows users to deposit funds in advance to their Red Chapina wallet for subsequent remittance transactions, with lower commissions compared to direct credit or debit card payments.

Quantifiable outcome

• Users no longer need to visit 2-3 bank branches per transaction
• +4 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• MoneyGramcoreChannel Partner/ Reseller/ DistributorMoneyGram is listed as a key remittance partner and payout network. Red Chapina users can send remesas to MoneyGram locations as part of the payout network, allowing beneficiaries in countries covered by MoneyGram to collect funds.
• VTP NetworkcoreChannel Partner/ Reseller/ DistributorVTP (Red de Pagos Transfronterizos) is a cross-border payment network present in Guatemala, El Salvador, Honduras, Costa Rica, and Mexico. Red Chapina leverages this network to enable remittance payouts across Central America and Mexico.
• BancolombiacoreChannel Partner/ Reseller/ DistributorListed as a payout partner and bank integration. Beneficiaries can receive remittances via Bancolombia bank accounts or branch withdrawals in Colombia.
• BanortecoreChannel Partner/ Reseller/ DistributorListed as a payout partner and bank integration for Mexico transfers.
• DaviviendaminorChannel Partner/ Reseller/ DistributorListed as a payout partner for Colombia.
• NequiminorChannel Partner/ Reseller/ DistributorDigital wallet integration for Colombia as a payout option.
• WalmartminorChannel Partner/ Reseller/ DistributorListed as a payout partner for Mexico (Walmart branches).
• Banco AgrícolaminorChannel Partner/ Reseller/ DistributorListed as a payout partner for El Salvador.
• Banco PromericaminorChannel Partner/ Reseller/ DistributorListed as a payout partner across multiple Central American countries.
• FedecacesminorChannel Partner/ Reseller/ DistributorListed as a payout partner in El Salvador.
• FedecreditominorChannel Partner/ Reseller/ DistributorListed as a payout partner in El Salvador.
• Banco AtlántidaminorChannel Partner/ Reseller/ DistributorListed as a payout partner for Honduras.
• Banco OccidenteminorChannel Partner/ Reseller/ DistributorListed as a payout partner for Honduras.
• 20+ Additional Money Transfer CompaniescoreChannel Partner/ Reseller/ DistributorThe company states it has partnerships with more than 20 money transfer companies enabling it to offer a wide range of destinations and payout options for its users.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@redchapina2785
• Facebookfacebook.com/RedChapinaGuatemala
• LinkedInlinkedin.com/company/red-chapina
• Instagraminstagram.com/redchapinagt

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Red Chapina