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Wynwood, a hub of tech activity, gains another HQ: YellowPepper

YellowpepperConfirming it’s bullish on Miami, YellowPepper, the fast-growing provider of mobile-banking and payment solutions in Latin America, is moving into new headquarter offices in Wynwood and expanding its home team, said its CEO and co-founder Serge Elkiner.

ElkinerThe warehouse space, two blocks from Panther Coffee, is being renovated, and should be fully open within 90 days, Elkiner said. The new Miami headquarters will house about 15 people, he said, including a new technical team of about 10 people.  

YellowPepper announced last year it received $15 million in venture funding in a Series C fund-raising round, bringing its total venture funding to $30 million. Elkiner said at the time the funding will be used to sharpen its new focus on the mobile payments industry and initially launch into four key markets: Colombia, Mexico, Ecuador and Peru. The company, which has offered mobile banking in eight countries, thinks mobile payments are a logical next step and the way forward is with an app that can be used everywhere — no cards needed.

The company has about 80 employees around the region and moved a small team to Aventura last year. YellowPepper has gotten increasingly more involved in the South Florida tech community in the last six months. A team it sponsored won the PayPal Battle Hack Miami and took third place in the global competition in November. 

Posted Jan. 6, 2014