Papatel Information

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. Papatel offers a combination of in-kind and cash remittances along with freemium international calls. With cash and in-kind remittances via products and services combined that include mobile phone top-ups, groceries, appliances, and other items and services redeemed at the destination country, Papatel solves the biggest problems for remittances companies. In addition, Papatel has a customer acquisition system that offers free international calling to any mobile or landline worldwide, regardless internet connectivity, unlike any other company to date. Papatel’s mission is to improve the quality life of immigrants in developed countries and the general population of emerging economies. As of December 2015, Papatel had annual revenues of $3.15 million, is currently at a $3.7 million run rate, and has most importantly reached the break-even point. The company had seventy thousand active and two hundred twenty two thousand registered users which have been achieved with virtually no marketing expense. The Company is incorporated in Delaware, headquartered in Miami, FL with a proprietary call center and development teams located in Colombia. Enrique Baiz, Founder and CEO, is a serial entrepreneur and has over 25 years of experience in the telecom with a proven execution and exit track record, including founding the first internet service provider in the country of Colombia. See www.papatel.com for more info.