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PagPop 2012

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PagPop 2012

  1. 1. Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 Intel Capital announces investment in PagPop São Paulo, October 3, 2012 - During the Intel Capital Global Summit being held this week in Huntington Beach, California, Intel Capital announced several new investments in strategic areas including one in Brazilian payments company PagPop. Specializing in card readers for cell phones with Android or iOS operating systems, PagPop aims to facilitate social and economic inclusion of self-employed professionals and owners of small businesses by enabling them to accept credit card payments using only their telephones. PagPop was founded as Vitalcred, initially focused on servicing the health area, and has been in operation for four years. The company expanded its focus and aims to service self-employed professionals across the country. Payment mobility is the main advantage of the company’s technology, which allows taxi drivers, construction service providers, hair stylists, nail stylists and resellers of cosmetics and clothes, among other professionals, to facilitate payment, thereby increasing the profitability of their small businesses. PagPop works through a device that transforms a cell phone into a credit card payment machine. The system also can be used through a computer or landline. The device allows users to accept all kinds of cards and also allows customers the convenience of dividing their payments in up to 12 installments at no interest. The investment will allow the company to leverage Brazil's current economic landscape to grow quickly - it is estimated that approximately 20 million small businesses or self-employed professionals currently do not accept credit cards and stand to gain with the PagPop payment technology. The company also plans to invest in technology and servers to process the growing volume of financial transactions conducted by the company’s system. “PagPop is very happy and honored with the investment from Intel Capital. It will help us invest in new technologies and expand our team in order to further raise the quality of our services and help millions of self-employed professionals in Brazil, who deserve a more accessible payment solution," said Márcio Campos, PagPop CEO. For Intel Capital, the investment in PagPop is aligned with Intel’s global goals of connecting everyone in the world within the next decade. “PagPop is using leading technology to facilitate social and economic inclusion, increasing payment options for millions of small businesses and self-employed professionals,” explains David Thomas, general director of Intel Capital for Latin America. “This kind of technology is very important for Brazil, which is currently benefiting from a growing economy and the rise of a new C class. We see huge potential in this area for the coming years,” added the executive. David Thomas is the Managing Director of Intel Capital for Latin America. Since officially entering the region in 1999, Intel Capital has an active history of technology investments and has invested approximately $150 million in roughly 44 companies across
  2. 2. Latin America, with approximately $85 million in 28 Brazilian companies. In the last 12 months, Intel Capital announced seven new investments; six in Brazil, including PagPop announced today. About Intel Capital Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.7 billion in over 1,249 companies in 52 countries. In that timeframe, 200 portfolio companies have gone public on various exchanges around the world and 304 were acquired or participated in a merger. In 2011, Intel Capital invested US$526 million in 158 investments with approximately 51 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital. About Intel Intel (NASDAQ: INTC) is a global leader in innovation. The company designs and manufactures essential technologies that are the basis for computer devices across the world. You can find more information about Intel at http://newsroom.intel.com/community/pt_br Visit us on Facebook: www.facebook.com/intelbrasil Follow Intel on Twitter: www.twitter.com/intelbrasil Intel Press Relations: Fernando Ordones – Tel: (11) 3365-5814 - E-mail: fernando.ordones@intel.com Intel service team at Burson-Marsteller: Ana Carbonieri - Tel: (11) 3094-2240 – Extension 2438 – Email: ana.carbonieri@bm.com Danilo Valeta – Tel: (11) 3094-2251 – E-mail: danilo.valeta@bm.com Diego Outa – Tel: (11) 3094-2240 – Extension 2440 – E-mail: diego.outa@bm.com Natália Carcavilla - Tel: (11) 3094-2259 - E-mail: natalia.carcavilla@bm.com