dapp

dapp is a Mexican fintech company founded in 2016 by Antonio Peláez Díaz that operates Mexico's largest interoperable QR code payment network. Headquartered in Querétaro, the company serves as a technology enabler that connects digital wallets, banks, payment aggregators, and merchants through a unified payment infrastructure. dapp's platform allows multiple wallets to scan a single QR code at merchant locations without requiring each wallet provider to individually enroll merchants, creating an interoperable ecosystem that simplifies digital payments.

The company provides technology that enables wallets, merchants, and payment aggregators to operate seamlessly while reducing fraud risks associated with traditional card-based transactions. dapp generates revenue by charging small fees to both merchants and payment aggregators for transactions processed through its network. The platform integrates with Mexico's CoDi (Cobro Digital) system, the government-backed QR payment initiative launched by Banco de México to promote financial inclusion.

dapp has been recognized as an authorized comisionista administrator by the CNBV (Comisión Nacional Bancaria y de Valores), Mexico's banking and securities regulator. In June 2021, the company raised a $12.4 million Series A funding round led by G2 Momentum Capital and Kalonia Venture Partners, with additional backing from Elektra Group, MassChallenge, and Startupbootcamp. The company employs between 40-50 people and has established partnerships with digital banks including albo for cash-in services.

The company's stated objectives include reaching 25 million direct users, expanding to 200,000 merchants, and extending operations throughout Latin America. dapp was featured in the eighth edition of the Finnovista Fintech Radar Mexico, which identified 773 fintechs operating in the country.