Epik

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.

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

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

• Consumer lending
• Digital credit platform
• Point-of-sale financing
• Fintech as a service
• Retail credit distribution

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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).
3. 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.
4. 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.
5. 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

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core 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

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

14 partnerships are on record, tiered core, major and minor.

• Fondo de Garantías de Antioquia (FGA)coreStrategic or Co-development PartnerFGA 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)coreChannel Partner/ Reseller/ DistributorMajor 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.
• CompensarcoreChannel Partner/ Reseller/ DistributorColombian welfare compensation fund with multiple service points across Bogotá offering Epik credit products. Epik maintains sales presence at Compensar locations for customer assistance.
• PanamericanamajorChannel Partner/ Reseller/ DistributorColombian retail chain with stores in multiple shopping centers across Colombia offering Epik credit products to customers.
• OlímpicamajorChannel Partner/ Reseller/ DistributorColombian supermarket and retail chain with locations in Bogotá offering Epik credit products to customers at their stores.
• Euro SupermercadomajorChannel Partner/ Reseller/ DistributorSupermarket chain operating primarily in Medellín area with multiple locations where Epik credit products are offered.
• DaviviendacoreChannel Partner/ Reseller/ DistributorMajor 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 PopularcoreChannel Partner/ Reseller/ DistributorColombian state bank partnering with Epik for co-branded credit card programs and commercial channel development.
• Scotiabank ColpatriacoreChannel Partner/ Reseller/ DistributorInternational 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)majorChannel Partner/ Reseller/ DistributorVarious 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.
• AviaturminorChannel Partner/ Reseller/ DistributorTravel agency partner where customers can use Epik credit for travel-related purchases.
• BikehouseminorChannel Partner/ Reseller/ DistributorBicycle retailer partner where Epik credit can be used for purchases.
• BoConceptminorChannel Partner/ Reseller/ DistributorFurniture retailer partner where customers can finance purchases with Epik credit.
• KareminorChannel Partner/ Reseller/ DistributorFurniture and home goods retailer partner for Epik credit financing.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct 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

• Facebookfacebook.com/epikcolombiaa
• LinkedInlinkedin.com/company/epik-servicios-financieros/mycompany
• Instagraminstagram.com/epikcredito?igshid=YmMyMTA2M2Y=

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 Epik