Three investors showed interest in TucanPay, the startup specializing in money transfers to Latin America developed in the incubator of EAE Business School, EAE Lab, after being selected to take part in the MIT Investors Forum 2020. TucanPay is the brainchild of three students of EAE Business School, Bruno Jaime, Fernando Pinto and Alejandra Valencia. It participated in the Propeller program of the EAE Lab incubator, the project implementation phase on the market.
TucanPay is the first startup for transferring money to Latin America with a peer-to-peer and microlending business model, offering risk-free investments with attractive returns of up to 16% for micro-investors, who help the Latin American community in Spain to transfer money quickly with competitive rates, transparent fees and reliable services.
One of the biggest business incubators in Spain highlighted the startup’s business model and attractive commissions it offered to micro-investors, and invited them to take part in the next edition of its acceleration program, starting in January 2021.
Moreover, two other investors, one with a global reach, showed their interest in the project, asking more about its business model and the amount of investment they aim to attract.
MIT INVESTOR’S FORUM 2020
MIT Investor’s Forum 2020 is the leading applied technologies forum in Spain. It aims to put the selected startups in contact with investors to publicize their projects and potentially raise investment. In this edition, some of Spain’s leading investors took part, such as Amadeus Ventures, Bankinter, Enagás, Indra Ventures, Enel, Lanzadera, Repsol, Iberdrola and Telefónica/Wayracon, among others.
“Taking part in events as important as MIT Investor's Forum 2020 and getting feedback and interest from big investors shows that the business ideas developed in the EAE incubator are taking good shape and are prepared to form part of the business community in society, which is increasingly digitized and unrestricted by borders”, explained the Director of EAE Lab, Rocío Álvarez Ossorio.