Fintech companies across Latin America are increasingly pursuing strategic acquisitions to strengthen their payment infrastructure and expand into global markets. Rather than building new capabilities internally, many firms are acquiring specialised technology providers to accelerate product development and improve merchant services. Tpaga’s acquisition of the Spanish payment gateway MYMOID reflects this strategy, enabling the Colombian fintech to enhance its e-commerce payment capabilities while positioning itself for broader international expansion.
Colombian fintech leader Tpaga has officially acquired the Spanish payment gateway MYMOID from the financial services firm Beka Finance. While the exact transaction figure remains undisclosed, the deal marks a significant leap in the technical capabilities of the Bogotá-headquartered company. By integrating MYMOID, formerly known as Technoactivity, TPaga is set to significantly strengthen its debit and credit card processing infrastructure. This acquisition is a strategic move to dominate the digital payment landscape in Colombia while laying the groundwork for potential expansion into the European market. Founded in 2011, MYMOID has established a strong reputation for processing over $ 300 million in annual transactions for online businesses.
For Tpaga, the addition of MYMOID completes its comprehensive portfolio of collection solutions for businesses. The platform already offers a diverse range of services, including mobile point-of-sale terminals (Soft POS), QR code payments, and PSE payment links. The acquisition fills the critical gap of native card processing for e-commerce, allowing the firm to offer a truly end-to-end merchant experience. Since its establishment in 2015, Tpaga has grown to serve over four million registered individuals and businesses, facilitating everything from bill payments and merchant transfers to payroll management. With over $15 million in funding raised to date, the company processes more than $250 million in annual transactions, a figure expected to surge following this integration.
The acquisition of MYMOID follows closely on the heels of a significant strategic investment from Banco Serfinanza. Tpaga recently sold a 30% stake in the company to the Colombian bank, a move designed to embed its payment infrastructure more deeply within the bank’s massive ecosystem and that of the Olímpica Group. This corporate backing provides Tpaga with the necessary capital and institutional support to scale its newly acquired Spanish technology across Latin America. The synergy between a traditional banking giant and an agile fintech enables the rapid deployment of modern payment tools across a vast network of retail and corporate clients. Andrés Gutiérrez, the CEO of Tpaga, has emphasised that the goal is to build a borderless financial experience for both consumers and merchants. By owning the processing layer through MYMOID, the company reduces its reliance on third-party aggregators and improves its margins on every transaction. This milestone confirms the ongoing trend of Latin American “soonicorns” acquiring distressed or niche European assets to leapfrog technical hurdles. As the Colombian digital economy continues to mature, the ability to process cards natively for e-commerce remains a vital competitive advantage. This deal not only solidifies Tpaga’s leadership in its home market but also signals its ambition to become a global player in the payments infrastructure space.
What this means for the industry
- Fintech acquisitions are accelerating in Latin America
Companies are buying specialised payment technology firms to quickly expand their capabilities. - Owning the payment processing layer improves competitiveness
Native card processing allows fintech platforms to reduce reliance on third-party payment aggregators. - E-commerce infrastructure is becoming a strategic priority
Merchants increasingly demand integrated solutions for card payments, QR payments, and digital checkout experiences. - Partnerships with traditional banks remain important for scaling fintech platforms
Institutional investors such as banks can provide capital and distribution networks to support rapid growth. - Cross-border fintech expansion is reshaping global payments infrastructure
Latin American fintech firms are increasingly acquiring international assets to strengthen their technological foundations and compete globally.
