ChaPay

ChaPay, formally registered as Libertad de Pagos, SAPI de CV, is a Mexican fintech company founded in 2021 that operates a digital payment and financing platform specifically designed for the healthcare sector. Based in Naucalpan de Juarez in the Estado de Mexico metropolitan area, ChaPay positions itself as the only payment and financing solution in Mexico specialized exclusively in health services. The company provides a mobile application and digital platform that enables patients to access medical treatments and services through flexible payment plans without requiring a credit card or credit history. ChaPay's core offering allows users to divide healthcare expenses into customized installment plans ranging from 45 days to 24 months, using only their debit cards. The platform targets Mexico's underbanked and unbanked population by utilizing alternative data sources for credit assessment rather than traditional credit bureau information, facilitating financial inclusion in the healthcare space. On the provider side, ChaPay partners with hospitals, clinics, independent doctors, laboratories, and pharmacies through a B2B model, offering these healthcare providers a risk-free solution to extend financing to their patients. The platform guarantees zero fraud, credit, payment, or chargeback risk for provider partners, while charging transparent fees with no commissions to merchants. ChaPay processes approvals in minutes and handles automated payment collections. The company received early-stage backing from Arkangeles, a Mexican venture capital platform, and operates with a small team of fewer than ten employees. The fintech aims to reduce barriers to universal healthcare access in Mexico by addressing the gap between medical needs and payment capacity among the underserved population.