About EVERTEC
EVERTEC is a company based in San Juan (United States) founded in 1988.. The company has 4,800 employees as of December 31, 2024. EVERTEC has completed 8 acquisitions, including BBR Chile, EFT Group and Grandata. EVERTEC offers products and services including Payment Processing Platform and Risk Management Tools. EVERTEC operates in a competitive market with competitors including Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others.
- Headquarter San Juan, United States
- Employees 4800 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Evertec, Inc.
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Annual Revenue
$845.49 M21.7as on Dec 31, 2024
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Net Profit
$112.62 M41.27as on Dec 31, 2024
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EBITDA
$296.36 M25.56as on Dec 31, 2024
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Latest Funding Round
$670 M (USD), Debt – Conventional
Nov 29, 2018
- Investors
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Employee Count
4800
as on Dec 31, 2024
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Investments & Acquisitions
BBR Chile
& 7 more
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IPO & Listings of EVERTEC
EVERTEC is a publicly listed company on the NYSE with ticker symbol EVTC in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of EVERTEC
EVERTEC offers a comprehensive portfolio of products and services, including Payment Processing Platform and Risk Management Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure system for handling digital transactions and integrations.
Analytics for fraud prevention and risk assessment in payments.
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Software Development Team
100 people
Product Management Team
30 people
Leadership Team
25 people
Human Resources and Administration
8 people
Business Team
8 people
Legal and Compliance
7 people
Sr. Team
6 people
Senior Team
6 people
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Funding Insights of EVERTEC
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $670.0M
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First Round
First Round
(29 Nov 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Debt – Conventional - EVERTEC | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in EVERTEC
EVERTEC has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bank of America. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking and asset management services are offered worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by EVERTEC
EVERTEC has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include BBR Chile, EFT Group and Grandata. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An online payment network system for businesses is facilitated.
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2019 | ||||
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Integral payment solutions are developed and offered for businesses.
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2017 | ||||
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PCI level 1 certified payment gateway
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - EVERTEC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evertec Comparisons
Competitors of EVERTEC
EVERTEC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment services and analytics solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing, POS and Gift Card services
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Merchant acquiring and card processing services are provided in Brazil.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evertec
Frequently Asked Questions about EVERTEC
When was EVERTEC founded?
EVERTEC was founded in 1988 and raised its 1st funding round 30 years after it was founded.
Where is EVERTEC located?
EVERTEC is headquartered in San Juan, United States. It is registered at San Juan, Puerto Rico, United States.
How many employees does EVERTEC have?
As of Dec 31, 2024, the latest employee count at EVERTEC is 4,800.
What is the annual revenue of EVERTEC?
Annual revenue of EVERTEC is $845.49M as on Dec 31, 2024.
What does EVERTEC do?
Evertec is a full service transaction processing services provider which is listed on NYSE under the ticker EVTC. Its offers three products to facilitate transaction processing: Payment Processing, Merchant Acquiring and Business process management. Payment processing services include hosted gateway, kiosk and IVR payments, ACH Network, Lockbox services, card issuing and acquiring solutions, mPoS app, branded prepaid cards (including GPR, gift, expense cards), ATM, ATH and Electronic benefits transfer services. Also provides Merchant acquiring services, including cash register, merchant management (includes chargeback, bill clearing and settlement, promotions and campaigns). Business Process Management offers IT management, infrastructure and cloud solution and document, cash and item processing services. Its services are used in over 19 countries in latin America region and processes over 2.1B payments annually.
Who are the top competitors of EVERTEC?
EVERTEC's top competitors include Worldpay, Adyen and Euronet Worldwide.
What products or services does EVERTEC offer?
EVERTEC offers Payment Processing Platform and Risk Management Tools.
Is EVERTEC publicly traded?
Yes, EVERTEC is publicly traded on NYSE under the ticker symbol EVTC.
How many acquisitions has EVERTEC made?
Who are EVERTEC's investors?
EVERTEC has 1 investor. Key investors include Bank of America.
What is EVERTEC's ticker symbol?
The ticker symbol of EVERTEC is EVTC on NYSE.
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