Epik
Epik is a Colombian fintech that issues digital consumer loans (COP 1M-15M, 6-48 months) and operates an embedded point-of-sale credit platform across 50+ retail locations, plus a Fintech-as-a-Service licensing business.
- Company typePrivate
- Founded2020
- HeadquartersBogotá, Colombia
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Epik does
Epik (legal name EPIK ASOCIADOS S.A.S., NIT 900.927.454-4) is a Colombian fintech incorporated in 2020 and headquartered in Bogotá that operates a consumer lending and embedded finance platform. Its core retail product, Epik Crédito, offers unsecured personal loans from COP 1 million to COP 15 million with terms of 6 to 48 months, originated through a 100% digital application flow that approves in approximately 5 minutes and disburses in 3-5 business days. Identity verification relies on the applicant's cédula (national ID), and credit risk is backstopped by a subsidiary guarantee from Fondo de Garantías de Antioquia (FGA), which removes the requirement for a co-maker. Pricing combines an interest rate of 0-43.13% E.A., an FGA guarantee fee of 15-20% plus VAT added to principal, and a monthly life insurance premium of COP 1,500 per million of outstanding balance. Revenue is also generated through a revenue-sharing arrangement with partner merchants.
Epik firmographics
Firmographics- Name
- Epik
- Legal name
- EPIK ASOCIADOS S.A.S.
- Website
- https://epik.com.co
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Epik is a Colombian fintech that issues digital consumer loans (COP 1M-15M, 6-48 months) and operates an embedded point-of-sale credit platform across 50+ retail locations, plus a Fintech-as-a-Service licensing business.
- Ownership category
- akta.pro rank
Epik industry classification
Industry- Product category
- Digital Consumer Lending
- NAICS
- Credit Card Issuing (522210), Sales Financing (52222)
- SIC
- Personal Credit Institutions (6141), Finance Services (6199)
- akta.pro primary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
- akta.pro secondary industry
- Embedded Card Issuing & Card-as-a-Service (FSAGALAC)
Keywords
Where Epik is headquartered
LocationHeadquarters
- HQ city
- Bogotá
- HQ country
- Colombia
- HQ region
- Latin America
Offices6 records
Markets served
Epik business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Interest Income: Epik earns interest income on disbursed loans. Interest rates range from 0% E.A to 43.13% E.A (3.03% monthly) depending on customer's credit behavior. This is the primary revenue stream from the credit lending operations.
- FGA Guarantee Fee: Fee charged for the guarantee provided through Fondo de Garantías de Antioquia (FGA). The fee ranges from 15% to 20% plus VAT of the disbursed credit amount, collected as part of the loan disbursement (added to principal).
- Life Insurance Premium: Monthly life and disability insurance fee charged to borrowers. $1,500 Colombian pesos per million of outstanding loan balance, adjusted monthly based on remaining debt.
- Revenue Sharing with Commerce Partners: Epik shares a portion of its earnings with commerce partners who offer the credit products, creating additional income for merchants and incentivizing partnership.
- Fintech as a Service (FaaS): License and implementation fees for Epik's proprietary technology platforms (BPM, CORE, Cobranza) offered to other financial institutions and businesses. Technology can be acquired to potentialize partners' businesses.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Interest Rate Range |
| Transaction based/ take rate | Pay-as-you-go | FGA Guarantee Fee |
| Usage-based | Monthly | Life Insurance Premium |
| Unit Pricing | Monthly | Credit Amount Range |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Epik product offering
Product offeringCore offering
Epik is a Colombian fintech that originates digital consumer credit (Epik Crédito) of $1M to $15M COP over 6–48 month terms, approving applications in 5 minutes using only the customer's national ID (cédula), with disbursement in 3–5 business days. Credit is distributed through a B2B2C network of retail commerce partners (Éxito, Compensar, Panamericana, Olímpica, Euro Supermercado, and shopping centers) backed by FGA guarantee, and through digital channels (web, app, WhatsApp). The company also licenses its proprietary credit operations platform (BPM/CORE/Cobranza) as Fintech-as-a-Service to financial institutions and administers co-branded credit cards for partner banks.
Product overview
Epik is a Colombian fintech company (EPIK ASOCIADOS S.A.S.) that operates a dual business model: (1) as a direct credit provider through its consumer lending product Epik Crédito, offering personal loans of $1M-$15M pesos with 6-48 month terms, and (2) as a technology enabler through its Fintech as a Service (FAAS) platform. The FAAS platform comprises three integrated modules—Epik BPM for business process management, Epik CORE for core banking/credit operations, and Epik Cobranza for collections management—all built on proprietary technology with over US$2MM invested. Additionally, Epik offers point-of-sale credit financing for partner merchants (Crédito en Comercios) and co-branded credit card administration services with bank partners including Davivienda, Banco Popular, and Scotiabank Colpatria. The company operates across multiple Colombian cities through physical service points in major retail chains.
Differentiator
Problem solved
Functional benefit
Brands
- Epik BPM: Proprietary business process management platform offered as part of the Fintech-as-a-Service (FAAS) suite.
- Epik CORE
- Epik Cobranza
Products and services
- Epik Crédito Digital personal credit product offering loans from COP $1M to $15M with repayment terms of 6 to 48 months. The credit is 100% digital, approved in 5 minutes, and disbursed to the customer's bank account within 3–5 business days. Only the national ID (cédula) is required, with no co-signers or additional paperwork. Backed by an FGA (Fondo de Garantías de Antioquia) guarantee and includes a life/disability insurance policy. Sold to individual Colombian consumers at 50+ physical points inside partner retailers and via web/app/WhatsApp.
- Crédito en Comercios Point-of-sale financing solution that lets partner retailers (Éxito, Compensar, Panamericana, Olímpica, Euro Supermercado, Aviatur, Bikehouse, BoConcept, Kare, and shopping centers) offer customer credit for goods and services at checkout. Epik provides the technology, approval process, dedicated 600+ person in-store sales force, 100% of funding, risk assessment, and collections; the commerce partner provides the customer touchpoint and shares in revenue.
- Tarjetas de Crédito Marca Compartida Co-branded credit card administration service in which Epik manages the commercial team handling sales across different channels and develops commercial strategies jointly with partner banks, merchants, and franchises. Banking partners include Davivienda, Banco Popular, Scotiabank Colpatria, and VISE. The end-customer receives a co-branded credit card funded by the partner bank.
- Fintech as a Service (FaaS) White-label fintech platform that allows financial institutions, retailers, and businesses to license Epik's proprietary technology stack — comprising Epik BPM (workflow automation), Epik CORE (core credit and account management), and Epik Cobranza (collections management) — to run or enhance their own credit operations. Includes digital identity validation and commerce-customized credit scoring models. Revenue is generated through license and implementation fees.
Quantifiable outcome
- Credit approval in 5 minutes vs. traditional bank process taking days
- +5 more outcomes
Companies that use Epik
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles4 records
Epik technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Epik partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core, major and minor.
- Fondo de Garantías de Antioquia (FGA)coreFGA is the sole authorized guarantor for Epik's credit products, providing subsidiary guarantee (fianza subsidiaria) that backs the credit without requiring customers to provide co-makers. FGA pays Epik the agreed percentage in case of default, after which subrogation applies. FGA charges a guarantee service fee of 15-20% + VAT of the credit value.
- Éxito (Grupo Éxito)coreMajor Colombian retail chain with multiple locations in Bogotá, Medellín, Cali, Bucaramanga, and Neiva where Epik credit products are offered. Epik's sales force is present at these locations to assist customers with credit applications.
- CompensarcoreColombian welfare compensation fund with multiple service points across Bogotá offering Epik credit products. Epik maintains sales presence at Compensar locations for customer assistance.
- PanamericanamajorColombian retail chain with stores in multiple shopping centers across Colombia offering Epik credit products to customers.
- OlímpicamajorColombian supermarket and retail chain with locations in Bogotá offering Epik credit products to customers at their stores.
- Euro SupermercadomajorSupermarket chain operating primarily in Medellín area with multiple locations where Epik credit products are offered.
- DaviviendacoreMajor Colombian bank partnering with Epik for co-branded credit card programs. Epik administers the commercial team that manages sales across different channels and develops commercial strategies with the bank.
- Banco PopularcoreColombian state bank partnering with Epik for co-branded credit card programs and commercial channel development.
- Scotiabank ColpatriacoreInternational bank operating in Colombia through Colpatria, partnering with Epik for co-branded credit card programs.
- Shopping Centers (Mall Plaza, Plaza Imperial, Portal 80, and others)majorVarious shopping centers across Colombia host Epik credit points and partner stores where customers can access Epik credit products. Locations include Mall Plaza Calima, Plaza Imperial, Portal 80, Diverplaza, Plaza Central, Hayuelos, Fontanar Chía, Ecoplaza, Galerías, Chipichape, Jardín Plaza, Unicentro Cali, Parque Caracolí, Mayorca, Parque Fabricato, and Arkadia.
- AviaturminorTravel agency partner where customers can use Epik credit for travel-related purchases.
- BikehouseminorBicycle retailer partner where Epik credit can be used for purchases.
- BoConceptminorFurniture retailer partner where customers can finance purchases with Epik credit.
- KareminorFurniture and home goods retailer partner for Epik credit financing.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Epik competitors and assessment
Company assessmentDirect peers
- Addi: Colombian-founded BNPL and consumer credit fintech offering installment financing at online and offline merchants. Directly comparable to Epik's retail-embedded consumer credit model in the same Colombian market with overlapping merchant channel strategy.
- Kueski: Mexican online consumer credit and BNPL provider focused on underbanked borrowers with instant approval via digital onboarding. Comparable to Epik in serving underserved consumers with digital-first underwriting, though operating in Mexico rather than Colombia.
- Aplazo: Mexican BNPL fintech offering point-of-sale installment credit at partner merchants. Directly comparable to Epik's POS credit-in-commerce model, with similar revenue-share economics with retail partners and digital application flows.
- Rappi: Colombian superapp extending credit and co-branded cards through its platform and partner merchants. Comparable to Epik's B2B2C model of embedding credit into commerce and consumer journeys, with overlapping banking partnerships.
Regional players
- Banco Falabella (CMR): Retailer-affiliated consumer finance and credit card issuer operating across multiple Latin American countries. Closely parallels Epik's retailer-embedded credit card distribution model in Colombia and adjacent LatAm geographies.
- Brubank: Argentine digital bank offering credit cards and personal loans via a mobile-first experience. Comparable to Epik in digital consumer credit origination, though operating exclusively in Argentina with a different macro context.
Broad incumbents
- Mercado Pago: Mercado Libre's fintech arm offering consumer credit, cards, and POS financing across Latin America. Overlaps with Epik in retail-embedded credit and consumer lending, but operates as part of a much larger e-commerce and payments ecosystem.
- Nubank: Latin America's largest neobank, offering credit cards and consumer loans across Brazil, Mexico, and Colombia. Comparable as a broader incumbent in LatAm digital consumer credit, though at vastly greater scale and with a deposit-funded balance sheet.
- Klar: Mexican digital bank offering credit cards and personal loans to underbanked consumers. Comparable to Epik in targeting underserved consumers with digital credit products, though broader in product scope and serving Mexico.
Emerging players
- Creditas: Brazilian consumer credit fintech specializing in secured and unsecured personal lending. Comparable to Epik in consumer credit underwriting technology, though differs in collateral-backed focus and Brazilian market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Epik social profiles
Digital presenceEpik financial estimates
Financial estimateRevenue estimate
Valuation estimate
Epik leadership team
Management profileNumber of profiles
Epik funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Epik M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Epik
What does Epik do?
Epik is a Colombian fintech that originates digital consumer credit (Epik Crédito) of $1M to $15M COP over 6–48 month terms, approving applications in 5 minutes using only the customer's national ID (cédula), with disbursement in 3–5 business days. Credit is distributed through a B2B2C network of retail commerce partners (Éxito, Compensar, Panamericana, Olímpica, Euro Supermercado, and shopping centers) backed by FGA guarantee, and through digital channels (web, app, WhatsApp). The company also licenses its proprietary credit operations platform (BPM/CORE/Cobranza) as Fintech-as-a-Service to financial institutions and administers co-branded credit cards for partner banks.
Is Epik a public or private company?
Epik is a private company. It is classified as unknown and is currently operating.
When was Epik founded?
Epik was founded in 2020. It employs 251 to 500 people.
Where is Epik based?
Epik is headquartered in Bogotá, Colombia, in the Latin America region.
How does Epik make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are FGA Guarantee Fee, life Insurance Premium, revenue Sharing with Commerce Partners and fintech as a Service (FaaS).
Who are Epik's main competitors?
Direct peers on record are Addi, Kueski, Aplazo and Rappi. Regional players are Banco Falabella (CMR) and Brubank. Broad incumbents are Mercado Pago, Nubank and Klar. Creditas is listed as an emerging player.
Does Epik have an API?
No public API is recorded for Epik.
What industry is Epik in?
Epik's product category is Digital Consumer Lending. Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines), with a secondary code of FSAGALAC, Embedded Card Issuing & Card-as-a-Service. Its NAICS code is 522210 and its SIC code is 6141.