| Founded | 2017 |
|---|---|
| Closed | 2022 |
| Country | Ecuador |
| Sector | Fintech |
| Collapse type | Slow Death |
PayEC
"Ecuadorian payments startup collapsed when its sole banking partner withdrew"
Years-long decline before final shutdown
Key Events Timeline
PayEC built a mobile payment solution for Ecuador's underbanked population, growing to 38,000 active wallets through a partnership with Banco Pichincha.
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