About Macropay
Macropay is a company based in Merida (Mexico) founded in 2000.. Macropay has raised $7.54 million across 1 funding round from investors including Vector Partners. Macropay offers products and services including Cell Phone Sales Platform, Weekly Payment Service, and Product Promotions.
- Headquarter Merida, Mexico
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Sectors
Retail
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.54 M (USD)
in 1 rounds
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Latest Funding Round
$7.54 M (USD), Private Equity Round
Oct 26, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Macropay
Macropay offers a comprehensive portfolio of products and services, including Cell Phone Sales Platform, Weekly Payment Service, and Product Promotions. 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.
Online system for buying cell phones on credit with weekly installments
App-based tool for tracking and making weekly credit payments
Platform offering discounts and deals on electronics
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Funding Insights of Macropay
Macropay has successfully raised a total of $7.54M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $7.54 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $7.5M
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First Round
First Round
(26 Oct 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Private Equity Round - Macropay | 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 Macropay
Macropay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Vector Partners. 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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Offers talent acquisition, development, and consulting for pharmaceutical sectors.
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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 Macropay
| 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 |
Financial Statements - Macropay
| 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 |
Macropay Comparisons
Competitors of Macropay
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Macropay
When was Macropay founded?
Macropay was founded in 2000 and raised its 1st funding round 22 years after it was founded.
Where is Macropay located?
Macropay is headquartered in Merida, Mexico. It is registered at Merida, Yucatan, Mexico.
Who is the current CEO of Macropay?
Alexander Herrera Correa is the current CEO of Macropay.
Is Macropay a funded company?
Macropay is a funded company, having raised a total of $7.54M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $7.54M, raised on Oct 26, 2022.
What does Macropay do?
Macropay was established in 2000 in Merida, Mexico, as an online retailer in the consumer electronics sector. A range of mobile phones from multiple brands is provided through an e-commerce platform that supports purchase financing. Searches are enabled for users based on criteria such as brand, price, and color. Operations focus on facilitating accessible device acquisitions in the Mexican market.
What products or services does Macropay offer?
Macropay offers Cell Phone Sales Platform, Weekly Payment Service, and Product Promotions.
Who are Macropay's investors?
Macropay has 1 investor. Key investors include Vector Partners.