YellowPepper: Doing 25 Million transactions a month in Latin American and Caribbean Markets

YellowPepper Holding Corporation was established in 2004 by Serge Elkiner. YellowPepper is a mobile financial network in Latin America and the Caribbean. The focus of the company has shifted from providing value added services to exclusive mobile financial services in 2007. YellowPepper operates in 9 countries: Mexico, Colombia, Peru, Ecuador, Guatemala, the Dominican Republic, Bolivia, Haiti, and Panama. It claims to provide services to 4 Mn customers to execute over 25 Mn transactions per month.

In 2010, the International Finance Corporation (IFC) made a $3 Mn equity investment in YellowPepper. In addition, IFC was instrumental in YellowPepper receiving a $2 Mn investment from the family office of an unnamed private Latin American investor. In M ...

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