conekta

Conekta is a Mexican online payment processing platform founded in 2012 by Cristina Randall, Héctor Cárdenas, and Leo Fischer. The company provides payment gateway solutions that enable businesses in Mexico to accept online payments through multiple methods including credit and debit cards, bank transfers, and cash payments. Conekta processes payments for over 6,000 merchants of all sizes, ranging from startups to major international companies such as Google, Uber, Facebook, Netflix, Cabify, and Rappi. The platform integrates artificial intelligence through its API to process both online and offline payments. Conekta's technology stack includes Fortress, its proprietary anti-fraud engine, and Smart Retry, a system that attempts multiple payment retries with different banks to increase transaction acceptance rates in real time. The company is PCI-DSS certified, ensuring secure handling of sensitive banking and financial information. Conekta is headquartered in Mexico City and employs between 160 and 230 people. The company has raised approximately $23.7 million across multiple funding rounds, with investors including Propel Venture Capital, FEMSA, Jaguar Ventures, 500 Startups, and VARIV Capital. In 2024, Conekta sold its OXXO Pay assets to Digital@FEMSA, allowing the company to refocus on its core online payment processing business for card payments and bank transfers. Recent strategic partnerships include integrations with BNPL providers Creditea Pay and Aplazo, enabling merchants to offer flexible payment options at checkout. Conekta is only available to businesses incorporated in Mexico with Mexican bank accounts, though it can process international credit card transactions.