Epesos

ePesos is a Mexican fintech company founded in 2014 and headquartered in Monterrey, Nuevo León, that provides earned wage access (EWA) solutions to formal workers. The company partners with employers to offer employees instant access to their earned wages before traditional payday through a mobile application available 24/7. ePesos operates at no cost to employers, who offer the service as an employee benefit to improve retention and reduce absenteeism. The platform integrates with existing HR and payroll systems, allowing workers to request salary advances which are automatically deducted from their next paycheck along with a service commission. Unlike traditional payday lenders, ePesos charges relatively low fees, typically between 3.5 and 4 percent per advance for small amounts, positioning itself as an alternative to pawn shops and informal lenders. The company has expanded beyond basic wage advances to offer ePesos+, a credit product that provides salary advances of up to three months with repayment terms of up to 12 months and annual service charges up to 38 percent. The platform also includes features for voluntary savings, financial education, bill payments, mobile phone top-ups, and merchant discounts. ePesos serves primarily low-income formal employees who lack access to traditional banking services, with approximately 80 percent of Mexican workers earning less than 15,000 pesos monthly. As of recent reports, the company serves over 40,000 workers weekly through partnerships with approximately 150 companies operating across 16 of Mexico's 32 states, with concentrations in manufacturing, automotive, retail, and hospitality sectors. The company has raised over $27 million in funding from investors including Mouro Capital (Santander's venture arm), Accial Capital, Village Capital, Gentera, and others. ePesos is led by CEO Oscar Robles and CFO Ariel Olaiz, targeting financial inclusion for Mexico's underbanked workforce.