# PayCaddy

> PayCaddy is a Panama-based Banking-as-a-Service platform that lets Latin American companies launch financial products through an API. Businesses use its stack to open KYC-verified digital wallets, automate online payments, and issue branded Mastercard debit and prepaid cards - without building core banking infrastructure or negotiating directly with legacy banks. A Y Combinator Winter 2022 company, PayCaddy positions itself as embedded-finance infrastructure for emerging markets.

- **Founded:** 2018
- **Headquarters:** Panama City, Panama
- **Founders:** Juan Diego Galvez (Co-Founder & CEO), Federico Benavides (Co-Founder & CTO)
- **Team size:** 18-20
- **Products:** Card Issuing, Digital Wallets, KYC & Compliance, Payments API, Card Management & Monitoring
- **Notable:** Selected for Y Combinator's Winter 2022 batch, Accepted into the Mastercard Start Path emerging-fintech program, Enables branded Mastercard card programs to launch in under two months

## Products & services

- **Card Issuing** — Issue personalized branded Mastercard debit and prepaid cards - virtual and physical - with BIN sponsorship and processing handled by PayCaddy.
- **Digital Wallets** — Open and manage digital wallets for customers, employees, or suppliers, with revolving credit and multi-currency support.
- **KYC & Compliance** — Automated KYC onboarding and a compliance layer that satisfies local regulatory requirements, supervised by Panama's SBP.
- **Payments API** — API-based platform to automate online payments, vendor disbursements, and real-time transaction processing.
- **Card Management & Monitoring** — Cardholder self-service, PIN management, blocking/unblocking, real-time transaction alerts, and card program analytics.

## Achievements

- Selected for Y Combinator's Winter 2022 batch
- Accepted into the Mastercard Start Path emerging-fintech program
- Enables branded Mastercard card programs to launch in under two months
- Operates as regulated fintech infrastructure supervised by Panama's SBP

## Latest updates

- **2022-02** — Raised seed funding as part of Y Combinator's W22 batch.
- **2023-02** — Featured among emerging fintechs in the Mastercard Start Path program.
- **2025-01** — CEO Juan Diego Galvez discussed PayCaddy's LATAM growth and BaaS positioning in a published interview.

## Links

- Website: https://paycaddy.com
- LinkedIn: https://www.linkedin.com/company/paycaddy
- Twitter/X: https://twitter.com/paycaddy
- Facebook: https://www.facebook.com/p/PayCaddy-100063491023933/

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Profile page: https://yespress.io/paycaddy-yc-w22
Published by YesPress — https://yespress.io
Last updated: 2026-07-30