Fundz

PayMon raised $600K in a pre-seed round led by Magma Partners to expand operations in Mexico and Ecuador.

PRIVATEJan 20, 2025

Amount Raised

$600,000

Round Type

Pre-Seed

QuitoFinancial ServicesSoftwareEducationFintech

Investors

Madelaine ClavijoPygmaBuen Trip VenturesMarc SacalMagma Partners

Description

Ecuadorian startup PayMon, aimed at streamlining payments for schools and parents, has successfully raised $600K in its pre-seed funding round. The investment will help them add additional payment solutions and grow their financial ecosystem for students.

Quick answer

PayMon raised $600,000 in a Pre-Seed round, dated January 20, 2025. Investors: Madelaine Clavijo, Pygma, Buen Trip Ventures, Marc Sacal and Magma Partners. PayMon is based in Quito, Pichincha, Ecuador.

How much did PayMon raise?
PayMon raised $600,000 in a Pre-Seed round on January 20, 2025.
Who invested in PayMon?
Madelaine Clavijo, Pygma, Buen Trip Ventures, Marc Sacal and Magma Partners are named as investors in this round.
What does PayMon do?
PayMon is an Ecuadorian startup that offers a financial ecosystem tailored for students and schools.
Where is PayMon based and how big is it?
PayMon is based in Quito, Pichincha, Ecuador.
Who are the decision-makers at PayMon?
Fundz holds 1 contact at PayMon. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Education around the same time

Companies in the same sectors as PayMon that raised within 45 days of this round, from Fundz verified event records.

  • Streamex Corp. raised $819K (Seed) on March 5, 2025.
  • Grain raised $33M (Series A) on March 5, 2025.
  • Helios raised $16M (Seed) on March 4, 2025.
  • Quanta Financial raised $4.7M (Seed) on February 28, 2025.
  • Mopso raised $1M (Seed) on February 27, 2025.
  • Kani Payments raised an undisclosed amount (Series A) on February 25, 2025.

Who to call at PayMon, and when

A new round usually means PayMon is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day PayMon raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at PayMon, from your own LinkedIn network

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Company Information

Company

PayMon

Location

Quito, Pichincha, Ecuador

About

PayMon is an Ecuadorian startup that offers a financial ecosystem tailored for students and schools. It provides an app that allows parents and students to manage their finances with features like spending limits and instant top-ups. Additionally, PayMon supports schools and cafeterias by automating processes and optimizing digital payment solutions. Founded in 2022, it has rapidly expanded and now serves more than 25,000 families across Latin America.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.