Papatel is a fintech company that provides free and easy remittances and communications to the world.

  • Stage $3M in TTM Revenue
  • Industry Fintech
  • Location Newark, DE, US
  • Currency USD
  • Founded January 2013
  • Employees 28
  • Incorporation Type C-corp
  • Website

Company Summary

Papatel is a fintech company that is disrupting the $650B global remittance market using a globally scalable platform that provides low cost, easy remittances and communications to the world.
Papatel had revenues of $3.2M in 2015, and is breaking even with a current revenue run rate of $3.8M. Papatel's profitable customer acquisition strategy reaches users to their mobile with freemium calls to any number in the world with no need of internet.


  • Founder & CEO

    Serial entrepreneur, brought internet to Colombia with Telesat in 1995, exited 90X for angels in 2005 as the country's largest ISP, over 1000 employees, from which cherry-picked team for Papatel. Previously: Launched 2 colombia internet Portals and a VoIP wholesaler. Took telephony to rural areas. Director of Information Systems at Bellsouth Colombia, University Engineering professor. Started 1st company as junior UT Austin. Musician as hobby.

  • Paulo Rivera

    At 16 yrs old, Paulo connected his high school's network via a radio link to the Unix network of Universidad del Valle, from which later, being head of campus IT, he graduated as an Electronic Engineer. Was CTO at Telesat, Enrique's ISP in Colombia, where he helped to design the country’s internet backbone. Expert in infrastructure, telecom, networking, databases, VoIP; seasoned in Cisco, 3Com, Unix, Oracle, PosgreSQL, VMWare, and much more.

  • Luisa Manyoma

    13 yrs. software development, Project manager at Telesat/

  • Russell Deakin

    Mr. Deakin has 29yrs Venture Capitalist/Entrepreneur/Angel, Previous experience: Managing Director at Rio Bravo-AUM$2.2B, Partner CRP-AUM $500M Morgan Stanley. Partner CFO at FORMA Inc. 10yrs (real estate). He is currently leading fundraising for Papatel as well as being the company's CFO.

Previous Investors

  • Juan Antonio Zambrano Eder
    Board Member

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