Fygaro

What Fygaro does

Fygaro is a Panama-headquartered (incorporated as Fygaro PA Inc., with Trambia Inc. as the contracting entity for non-Panama users) software company that operates a unified online, in-chat, and in-person payment acceptance platform for small and micro merchants. Founded in 2015, the platform bundles four core product surfaces — Fygaro Links (checkout links and embeddable payment buttons for chat, email, social, and invoice follow-ups), Fygaro Shops (a hosted online store builder with catalog, cart, and checkout), Fygaro vPOS (an Android-based Tap to Pay solution that turns a phone into an NFC card/wallet terminal without external hardware), and Fygaro Events (ticketing with entry validation) — alongside invoice payments with electronic invoicing (notably Hacienda integration for Costa Rica), logistics integrations (DHL Express, Correos de Costa Rica), the Fygaro Wallet for tokenized express checkout, and a reporting module. Underlying the platform is a PCI-DSS certified payment gateway connecting to over 100 regional banks across Latin America and the Caribbean, with local-currency merchant deposits and settlement. The technology stack includes native plugins for WooCommerce, Magento, Wix, WordPress, and SquareSpace, plus API credentials, webhook hooks, and dynamic payment-button URL parameters for developer-led integration.

Fygaro's revenue model combines recurring monthly subscription fees (across Trial/Free, Plugin, Pro, Advanced, and customized Corporate and Non-Profit tiers, each with monthly billing) with per-transaction fees on payment processing, event ticketing, vPOS device usage, and ancillary add-ons such as shipping, applications, themes, and domain names. The company pursues a primarily product-led, self-serve go-to-market with a 14-day free trial that does not require a credit card, complemented by a reseller channel for mid-market accounts and an API-first motion for developer integrations. Customer segments are horizontal: SMB and micro-merchants selling through WhatsApp, social media, and email dominate, with secondary use cases in e-commerce retail, event ticketing, B2B invoicing, and mobile/in-person service businesses. The company reports merchant presence in 35+ countries and over $270M USD processed through the platform in the trailing 12 months; it has been publicly recognized by Visa (Visa Everywhere Initiative) and Mastercard (Mastercard Award Badge), and holds PCI-DSS certification. Headcount is reported at 1-10 employees, and no venture or private equity funding rounds are disclosed in the available data.

Name

Fygaro

Legal name

Fygaro Pa, Inc. and Trambia, Inc.

Website

https://fygaro.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Fygaro is a Panama-based payment platform offering small and micro merchants across 35+ countries unified tools to accept payments online, via chat, and in person through payment links, hosted online stores, Tap to Pay on phone, electronic invoicing, and event ticketing.

Ownership category

akta.pro rank

Product category

Online Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Payment Gateways & Orchestration (BPAMAFAA), Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE)

Keywords

• Online payment gateway
• Payment processing platform
• Online checkout solutions
• Tap to pay mobile
• Electronic invoicing software

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Subscription Fees: Paid plans with different functionality tiers (Free, Plugin, Pro, Advanced, Customized plans for corporations and non-profits). Billed at 30-day intervals with automatic charging to authorized payment method.
2. Transaction Fees: Fees charged per transaction when using the payment gateway. Includes fees for sales, debits, declines, authorizations, captures, credits, tokenization, reversals, and refunds.
3. Ticketing Fees: Fees for listing events and buying/selling tickets/registrations. May include per-ticket fees, add-on fees, validated tickets, unused tickets, refunded tickets, published events, and cancelled events.
4. vPOS Device Fees: Fees related to vPOS device usage for in-person payment acceptance.
5. Additional Fees: Additional fees for shipping, applications, themes, domain names, and other supplementary services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Fygaro provides a unified PCI-DSS compliant commerce platform that enables merchants to accept payments through payment links (Fygaro Links), hosted online stores (Fygaro Shops), Tap to Pay on their phones (Fygaro vPOS), event ticketing (Fygaro Events), and electronic invoicing, with deposits into local bank accounts across 35+ countries. The platform integrates with 100+ banks, major e-commerce platforms (WooCommerce, Magento, Wix, WordPress, SquareSpace), PayPal, Yappy, and logistics providers (DHL, Correos de Costa Rica).

Product overview

Fygaro is a unified commerce platform offering multiple integrated products for merchants to sell online, in person, and through chat. The core product suite includes Fygaro Links for payment links and buttons, Fygaro Shops for full online stores, Fygaro vPOS for Tap to Pay on phone, Fygaro Events for ticketing, and Invoice Payments for invoicing with online payment integration. These products share a unified account with connected payment tracking and work across 35+ countries. The platform is complemented by Plugins & Integrations for connecting to existing websites (WooCommerce, Magento, Wix, WordPress, SquareSpace) and additional modules including Fygaro Wallet for express checkout and comprehensive reporting tools.

Differentiator

Problem solved

Functional benefit

Brands

• Fygaro Links: Payment buttons/checkout links for selling via chat, email, social media, or invoice follow-up
• Fygaro Shops
• Fygaro vPOS
• Fygaro Events
• Fygaro Wallet

Products and services

• Fygaro Links

Quantifiable outcome

• Over $270 million USD processed annually across 35+ countries
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature7 records

Partnerships

22 partnerships are on record, tiered core and regional.

• First Atlantic CommercecoreTechnology or IntegrationPayment gateway partner for processing credit and debit card transactions. Integrated as part of Fygaro's payment processing network.
• CyberSourcecoreTechnology or IntegrationPayment gateway partner integrated for transaction processing through Fygaro's platform.
• KlapcoreTechnology or IntegrationPayment gateway partner integrated for handling payment transactions on the platform.
• FirstDatacoreTechnology or IntegrationPayment processing partner integrated for card transaction handling.
• PayPalcoreTechnology or IntegrationPayPal Business integration allows merchants to accept PayPal payments and customers to pay without PayPal account. No additional cost for PayPal integration.
• YappyregionalTechnology or IntegrationYappy Comercial integration for Panama allows merchants to accept payments via the Yappy mobile payment platform.
• Banco PromericaregionalTechnology or IntegrationRegional bank partner enabling local merchant accounts and deposits in Promerica markets.
• RBC (Royal Bank of Canada)regionalTechnology or IntegrationBank partner for merchant account services and local currency deposits.
• NCB (National Commercial Bank)regionalTechnology or IntegrationBank partner providing merchant account services in markets where NCB operates.
• ScotiabankregionalTechnology or IntegrationBank partner for merchant services and local payment processing across Scotiabank markets.
• LafiseregionalTechnology or IntegrationBank and financial services partner in Central America and Caribbean markets.
• CIBC (Canadian Imperial Bank of Commerce)regionalTechnology or IntegrationBank partner for merchant account and payment processing services.
• Republic BankregionalTechnology or IntegrationRegional bank partner enabling merchant payment acceptance.
• Banco GeneralregionalTechnology or IntegrationPanama-based bank partner for local merchant services.
• First CitizensregionalTechnology or IntegrationBank partner providing merchant account services in applicable markets.
• DHL ExpresscoreTechnology or IntegrationLogistics integration allowing merchants to connect their DHL account for automated shipping quotes and label purchasing within Fygaro.
• Correos de Costa RicaregionalTechnology or IntegrationCosta Rica postal service integration for domestic shipping quotes and label generation through Pymexporta account.
• WooCommercecoreTechnology or IntegrationOfficial Fygaro payment gateway plugin for WooCommerce enabling automated sales and payment acceptance on WordPress e-commerce sites.
• MagentocoreTechnology or IntegrationOfficial Fygaro payment gateway plugin for Magento 2 enabling checkout integration for enterprise e-commerce sites. Requires Plugin, Pro or Advanced plan.
• WixcoreTechnology or IntegrationIntegration connecting Fygaro payments to Wix Checkout for merchants with online stores on the Wix platform.
• WordPresscoreTechnology or IntegrationFygaro payment link embedding capability for WordPress websites and blogs, allowing embeddable payment buttons and checkout links.
• SquareSpacecoreTechnology or IntegrationFygaro payment link embedding for SquareSpace websites enabling payment acceptance on SquareSpace e-commerce.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Stripe: Global payment gateway and orchestration platform serving online businesses with APIs, hosted checkout, and merchant processing. Directly competes with Fygaro's Links, Shops, and Plugins products, including ongoing LATAM expansion.
• Kushki: LATAM-focused payment gateway and orchestration platform headquartered in Ecuador with strong local bank and APM integrations. Closest regional comparable to Fygaro in product scope and geographic focus.
• Conekta: Mexico-based online payment gateway offering checkout, plugins, and APM enablement. Comparable to Fygaro's Links and Shops products with similar SMB and e-commerce developer focus in Latin America.
• Clip: Mexico-based mobile payment and Tap to Pay provider offering card reader hardware and phone-based acceptance. Most directly comparable to Fygaro vPOS and shares the LATAM SMB merchant focus.
• Square (Block): Global SMB payment platform with hardware and software POS, online checkout, and invoicing. Highly comparable to Fygaro's full product suite, particularly vPOS Tap to Pay.
• dLocal: Cross-border payment infrastructure provider enabling global merchants to accept payments across emerging markets including LATAM. Operates at the orchestration/routing layer rather than direct SMB acquiring, but addresses the same merchants.

Broad incumbents

• Mercado Pago: Dominant LATAM payment platform from Mercado Libre spanning online checkout, POS, QR, and consumer credit. Operates much more broadly than Fygaro and competes across in-person, online, and mobile in the same region.
• PayPal: Global digital payments incumbent offering checkout, Braintree orchestration, and APM enablement. Already a partner of Fygaro and a competitor for merchant checkout flows in LATAM.

Regional players

• Bold: Colombia-focused payment platform offering datáfonos, online checkout, and Tap to Pay alternatives for SMBs. Comparable to Fygaro's vPOS and Shops products within Colombia.
• Wompi: Colombia payment gateway from Bancolombia offering online checkout and APM support. Comparable to Fygaro's Links/Shops product line for Colombian merchants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FygaroApp
• LinkedInlinkedin.com/company/fygaro

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Fygaro