ALIGNET

What ALIGNET does

ALIGNET S.A.C. is a Lima, Peru-based payment-technology company founded in 2000 that builds authentication and merchant-acquiring infrastructure for the Latin American e-commerce and card-not-present market. Its core platform implements the EMV 3-D Secure 2.1 protocol — the standard that shifts fraud liability to the issuer when a transaction is successfully authenticated — and is certified by Visa, MasterCard, and American Express. Around this protocol anchor, ALIGNET has assembled a multi-product suite: SecureKey Card (issuer-side 3DS authentication and risk-based authentication with biometric, push-notification, and OTP channels), SecureKey Server / AMS (acquirer-side 3DS server and omnichannel processing gateway integrating payment-gateway, 3DS, and processing modules), the V-Payment family of merchant-facing products (online gateway, social-commerce link, recurring billing, and a QR-enabled digital wallet), and the FLOTAS fleet and Corresponsalía Bancaria correspondent-banking enterprise solutions. The underlying proprietary technology combines PCI-DSS-compliant infrastructure with a neural-network-based risk engine (RBA) that scores transactions on a 0–100 scale using expert rules refined by machine learning.

The company monetizes primarily through transaction-based authentication and processing fees paid by issuers and acquirers, complemented by subscription/recurring revenue from FLOTAS and other enterprise products. Distribution is enterprise-led: ALIGNET sells directly to banks and processors through a field-sales motion and also leverages acquiring-bank partners to reach thousands of affiliated merchants across 11 Latin American countries — Peru, Mexico, Costa Rica, Colombia, Bolivia, Uruguay, Panama, Ecuador, Honduras, Chile, and El Salvador — with selected Central American frontier markets under development. The customer base spans more than 40 financial entities including Interbank, Banco de la Nación, BanBif, Banco Pichincha, Citi Banamex, Bancomer, Transbank, Credibanco, Ficohsa, and Banco del Pacífico, plus enterprise clients such as Repsol, Scania, Claro, Movistar, and Ripley/Sodimac/Falabella/Cencosud for retail and fleet use cases.

ALIGNET operates as a privately held, founder/management-controlled entity (CEO Luis Ernesto Gamarra Roig) with no disclosed institutional investors, parent company, or public-market listing; the company is bootstrapped and has not raised funding rounds. Strategic positioning is anchored on regulatory certifications (PCI DSS, EMVCo membership, card-network 3DS 2.1 approvals), 22+ years of operational history as a regional 3DS pioneer, and a vertically integrated issuer-to-merchant product stack that covers authentication, gateway, wallet, recurring billing, fleet, and correspondent banking — a breadth that mirrors how Latin American banks prefer to buy payments infrastructure from a single, certified regional vendor.

Name

ALIGNET

Legal name

ALIGNET S.A.C.

Website

https://alignet.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

ALIGNET is a Lima-based payment-technology company that builds EMV 3-D Secure 2.1 authentication, fraud-risk, and merchant-acquiring platforms for issuing banks, acquirers, and merchants across 11 Latin American countries. It is the first Visa, MasterCard, and American Express-certified 3DS provider in the region, serving 40+ financial institutions and thousands of merchants.

Ownership category

akta.pro rank

Product category

Payment Authentication and Fraud Prevention Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Payment Gateways & Orchestration (BPAMAFAA)

akta.pro secondary industries

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Cross-border Payments & FX for E-commerce (CRAFALAF), Cross-Border & FX Payments Platforms (BPAMAFAK), Card Readers & Authentication Tokens (Smart Card, NFC, OTP Keys) (HDACAFAK)

Keywords

• Payment authentication
• 3-D Secure solutions
• Fraud prevention
• Payment gateway
• E-commerce payments

Headquarters

HQ city

Miraflores

HQ country

Peru

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Authentication Services: Transaction-based authentication services for issuers and acquirers using EMV 3-D Secure protocols. Alignet provides technology solutions enabling secure online transaction authentication.
2. Payment Processing Platform: AMS platform for merchants enabling payment acceptance, authentication, and transaction control for e-commerce.
3. Fleet Management Solutions: FLOTAS platform for fleet fuel and expense management with pre-pay and post-pay models for enterprises.
4. Digital Wallet Services: V-Payment Wallet QR payment solutions for merchants and issuers enabling mobile payments.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

ALIGNET provides payment and security technology solutions for the e-commerce market in Latin America, centered on EMV 3-D Secure authentication for card issuers, acquirers, and merchants. It offers fraud prevention engines, payment gateways, digital wallets, and enterprise fleet and banking-correspondent solutions.

Product overview

ALIGNET offers a comprehensive e-commerce payment and authentication technology platform in Latin America. The product portfolio centers on the EMV 3-D Secure 2.1 protocol for secure online transactions. For issuers, SecureKey Card provides multi-channel authentication supporting Verified by Visa, MasterCard Identity Check, and SafeKey programs. For acquirers and merchants, AMS (Alignet Merchant Solution) integrates payment gateway, 3DS Server, and processing modules. The V-Payment suite includes V-Payment (payment gateway), V-Payment Link (social commerce), V-Payment Billings (recurring payments), and V-Payment Wallet (digital wallet with QR). RBA delivers AI-powered fraud prevention with neural network-based risk scoring. Enterprise solutions include fleet management (FLOTAS) and banking correspondent services.

Differentiator

Problem solved

Functional benefit

Brands

• SecureKey Card: Authentication platform based on EMV 3-D Secure Protocol (3-D Secure 2.1) supporting Verified by Visa and MasterCard Identity Check programs.
• RBA
• AMS
• SecureKey Server
• V-Payment
• V-Payment Link
• V-Payment Billings
• V-Payment Wallet
• FLOTAS
• Corresponsalía Bancaria

Products and services

• SecureKey Card Multichannel authentication platform based on EMV 3-D Secure 2.1 protocol supporting Verified by Visa and MasterCard Identity Check programs, designed for issuer financial institutions to secure online transactions.
• SecureKey Server (3DS Server) Multi-brand authentication platform for acquiring entities enabling 3-D Secure 2.1 verification for online purchases from affiliated merchants to prevent fraud, supporting Verified by Visa, MasterCard SecureCode, and SafeKey programs.
• RBA (Risk Based Authentication) Neural network rules engine that evaluates online credit and debit card transactions in real-time to prevent and control fraudulent activities, assigning risk scores 0-100 using machine learning models combined with expert rules.
• AMS (Alignet Merchant Solution) Omnichannel processing platform for acquirers and merchants integrating payment gateway, 3DS Server authentication module, and processing module for secure e-commerce payment transactions.
• V-Payment Online payment gateway enabling merchants to sell and collect payments accepting credit cards, debit cards, and alternative payment methods with major card brands.
• V-Payment Link Payment solution based on Order Management System creating payment forms for selling via email, chat, or social networks without requiring a website.
• V-Payment Billings Recurring payments platform enabling merchants to automatically charge authorized credit or debit cards on a periodic basis for subscription and installment sales.
• V-Payment Wallet Digital wallet enabling online purchases with security, storing payment card data and enabling QR code payments for both physical and virtual commerce.
• Administración de Flotas (FLOTAS) Payment, monitoring, and administration solution for all vehicle fleet operation expenses including fuel management, with post-pay and pre-pay platform models for enterprises.
• Corresponsalía Bancaria (Banking Correspondent) Banking correspondent service enabling authorized commercial stores equipped with appropriate technology to perform diverse banking operations through mobile applications.

Quantifiable outcome

• Reduction in fraudulent transactions through RBA real-time risk scoring
• +3 more outcomes

Named customers25 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability4 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• EMVCocoreTechnology or Integration · 1 January 2019EMVCo member supporting development and certification of EMV 3-D Secure 2.1 protocol implementations for secure online transactions.
• American ExpresscoreTechnology or Integration · 1 January 2019Certification partnership for SafeKey authentication program as part of Alignet's 3-D Secure 2.1 certification with all three major card brands.
• Visanet PerúcoreStrategic or Co-development Partner · 1 January 2002Consortium partner for developing 3-D Secure applications. Joint development resulted in first certifications with Visa International and MasterCard Global for 3-D Secure services.
• MasterCard GlobalcoreTechnology or Integration · 1 January 2002Partnership for MasterCard SecureCode certification, achieving first authorized provider status in Latin America and Caribbean for both major card brands.
• Visa InternationalcoreTechnology or Integration · 1 January 2000Strategic alliance initiated in 2000 for SET protocol development, which evolved into 3-D Secure authentication protocols. ALIGNET formed a consortium with Visanet Perú to develop applications certified by Visa International, becoming the first authorized provider in Latin America.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Conekta: Mexican payment gateway specializing in online card acceptance, 3-D Secure authentication and fraud prevention for merchants in Mexico and broader LATAM. Directly comparable product suite and target customer base to ALIGNET's V-Payment and AMS offerings.
• EBANX: Brazil-based cross-border payment processor serving Latin American markets with merchant acquiring, payouts and local payment-method support. Directly comparable as a LATAM-focused payment infrastructure provider targeting merchants and financial institutions across the region.
• PagSeguro: Brazilian merchant acquirer and digital-wallet operator offering online and in-person payment acceptance, fraud tools and financing. Comparable to ALIGNET as a full-stack payment platform in Latin America with merchant acquiring and authentication capabilities.
• Kushki: Ecuador-founded payment-orchestration platform spanning LATAM that processes online card transactions, alternative payment methods and offers 3-D Secure-like fraud prevention. Highly comparable business model and geographic footprint to ALIGNET, including cross-border reach.
• dLocal: Uruguay-headquartered payments platform enabling global merchants to accept and disburse payments across emerging markets including Latin America. Directly comparable to ALIGNET in serving payment-processing needs of regional merchants and financial institutions, with a more cross-border oriented model.

Broad incumbents

• Stripe: Global online payment platform with growing LATAM coverage including 3-D Secure authentication and Radar fraud prevention. Comparable technology stack (authentication, fraud ML, payment orchestration) and an emerging competitive threat to ALIGNET in the region.
• Adyen: Global unified-commerce payment platform expanding into Latin America with end-to-end processing, authentication (3DS 2.x) and acquiring services. A larger, broader incumbent whose entry into LATAM directly threatens regional specialists like ALIGNET.
• MercadoPago: LATAM's largest digital wallet and payment processor, embedded in MercadoLibre's e-commerce ecosystem across most Latin American countries. A broad incumbent offering overlapping capabilities (payment processing, QR, fraud prevention) on a much larger scale than ALIGNET.
• CardinalCommerce (a Visa solution): Visa-owned 3-D Secure authentication and digital commerce orchestration platform serving issuers, acquirers and merchants globally including Latin America. The closest direct competitor to ALIGNET's SecureKey franchise, with stronger card-network backing.

Emerging players

• Pismo: Brazil-based cloud-native core banking and payment-processing platform serving LATAM banks and fintechs with issuing, processing and orchestration APIs. Comparable in serving regional financial institutions with modern payment infrastructure, though more focused on issuing/processing than authentication.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/alignet1
• Facebookfacebook.com/Alignet
• LinkedInlinkedin.com/company/alignet

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 ALIGNET