Kuapay was founded by Joaquin Ayuso de Paul, co-founder of Tuenti.com, the successful Spanish social network sold to Telefónica for 100 million dollars.
Its goal is to create a mobile wallet where all your cards are virtualized so that you can pay with your phone in any store that is Kuapay-enabled.
Kuapay is currently operating in the US and in Chile. Their major launch is happening in Chile where they are allied with the top retailers, operators, and credit card processors of the country.
In the US, they are soft launching in Santa Monica at a number of local businesses.
They recently publicly unveiled their product at the Mobile World Congress in Barcelona 2012.
Latest funding size
Time since last funding
|almost 3 years|
|Bill Elkus, Joaquin Ayuso, Myron Scholes, Tom Arrix, COPEC-UC, InverSur Capital, Fondo de Inversión Privado Copec-UC|