Pagaloop YC Application
Pagaloop went through Y Combinator in the Winter 2021 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.
- YC batch
- Winter 2021
- Industry
- FintechPayments
- Team size
- 23
- Status
- Active
- Launched
- 2021
Founders
Gerardo BrionesFounder
Carlos CruzFounder
LUIS FERNANDO DOSAL GFounder
What Pagaloop does
Pagaloop helps business owners and persons in Latin America pay, get paid and extend cash flow using credit cards to finance expenses like rent, taxes, payroll and suppliers, via an extended network of relevant partnerships (federal/local governments, AMEX, HSBC, schools and universities, etc.). The Company provides a service in which a payment is made to a third party (that would typically not accept credit card as a payment method) in exchange for a fee of 4.7% (+ taxes). Additionally, Pagaloop offers payments in 3, 6, 9 or 12 months with an extremely accessible commission. All of those solutions without taking any underwriting risk, which remains at the issuer of the credit line.
Pagaloop's YC application, reconstructed
Y Combinator application
Pagaloop, Winter 2021 batch. The real form questions, answered from public data.
- Founders2
- Company7
- Progress7
- Idea4
- Equity3
- Curious2
- Batch Preference1
Company
Pagaloop
Use credit cards to pay bills and manage cash flow
We built a platform that lets businesses and individuals in Latin America pay expenses like rent, taxes, payroll, and suppliers using their credit cards, even when these recipients usually don't accept cards. Our service pays the third party on the user's behalf and charges a 4.7% fee plus taxes. Users can also choose installment plans of 3, 6, 9 or 12 months with low commissions. We don't take credit risk; all underwriting remains with the credit issuer. This helps users extend their cash flow without needing new credit lines or loans.
We live and work mostly in Mexico City, CDMX, Mexico, and the company would remain based here after YC.
Mexico City is where our users are and where we have built partnerships with governments and financial institutions. Staying local lets us focus on solving the specific credit card payment gaps in Latin America, which are different from other regions.
21 more answers in the full application
Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.
Frequently Asked Questions
Is this the real Pagaloop YC application?
No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Pagaloop's public data (launch notes, founder backgrounds, product description). It shows how a company like Pagaloop would present itself to YC, not the text they submitted.
What YC batch was Pagaloop in?
Pagaloop was part of the Y Combinator Winter 2021 batch.
Who founded Pagaloop?
Pagaloop was founded by Gerardo Briones, Carlos Cruz, LUIS FERNANDO DOSAL G.
What does Pagaloop do?
Pay, Get Paid and Extend Cash Flow using your Credit Card as…
How do I read the full reconstructed application?
Create a free Round Funded account. The full 26-answer version of Pagaloop's application, and every other YC batch, is in YC Insights.
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