Latin-American Kushki Pagos just announced it has bought company QVO, a platform that gives SMEs access to online payment solutions.
Kushki Pagos is a payments processing platform that standardizes local payment features and conversion rates across borders in Latin America. Having acquired Qvo, Kushki Pagos plans to expand into Chile.
“We’re excited to acquire QVO to expand into Chile and help make it easier for businesses to accept payments online,” said Sebastian Castro, co-founder of Kushki Pagos.
“Chile has a population with the most demand for digital businesses in the region, but at the same time it’s one of the least advanced in providing the payment tools necessary to scale digital businesses. We decided to invest because we saw an opportunity to deliver a fast and significant impact to entrepreneurs and startups in the local market’s digitization process,” said Aron Schwarzkopf, co-founding partner of Kushki Pagos.