Billpocket

Billpocket is a Mexican payment processing company founded in 2012 by Alejandro Guízar and Humberto Gutierrez, headquartered in Mexico City. The company provides mobile point-of-sale solutions that enable small and medium-sized businesses to accept debit and credit card payments through smartphones and tablets. Its core product converts mobile devices into payment terminals using Bluetooth-enabled card readers that connect to a mobile application, allowing merchants to process payments from major card networks including Visa, Mastercard, and American Express. Billpocket targets Mexican SMEs with a straightforward business model charging a fixed 3.5 percent transaction fee without requiring minimum sales volumes, positioning itself as a more accessible alternative to traditional bank terminals. The company provides next-day deposits to merchants and offers additional financial services including merchant cash advances through its Adelanto Billpocket product. By 2022, one of every eight businesses accepting card payments in Mexico used Billpocket's solutions, having served nearly half a million merchants over its decade of operation. The company raised approximately $6.8 million in Series A funding in 2019 from investors including Axon Partners Group, Magma Partners, and Village Capital. In August 2022, Billpocket was acquired by Kushki, an Ecuadorian payment technology unicorn, though it continues operating as a separate business unit under founder Alejandro Guízar's leadership. The acquisition received approval from Mexico's competition authority COFECE and combined Kushki's online payment expertise with Billpocket's card-present payment infrastructure. Billpocket maintains strong partnerships with major Mexican corporations including Telcel, Coca-Cola, Femsa, and Arca Continental to expand financial service accessibility for SMEs across Mexico.