OnePay Secures $1.3M from QUPA Ventures for Instant WhatsApp Payments

• The company processes over 15 million transactions monthly, partnering with Colombia’s largest utility providers.
• Strategic alliance with Mastercard aims to boost financial inclusion and secure innovative payment solutions.

OnePay, a Colombian fintech startup, has pioneered a new method of processing payments directly through WhatsApp, simplifying transactions for millions. The company, which began operations in May 2023, has already secured a significant $1.3 million in pre-seed funding, primarily from angel investors. This funding round marks a strong start for OnePay, signaling robust investor confidence in its business model and technological approach.

The company’s innovative payment solution is currently being utilized by some of Colombia’s largest utility companies, handling over 15 million transactions each month. This integration allows customers to receive and pay bills within WhatsApp conversations, streamlining the payment process and enhancing user convenience. Furthermore, OnePay’s recent partnership with Mastercard underscores its commitment to financial inclusion, ensuring that more consumers and businesses benefit from secure and reliable financial services.

In addition to utility companies, OnePay targets real estate agencies, focusing on sectors with low banking rates to maximize its impact on financial accessibility. The strategic focus on these sectors not only broadens the scope of digital payments but also supports economic inclusivity. As it continues to grow, OnePay remains committed to expanding its services and refining its offerings to better serve the Colombian market and beyond.