Frequently Asked Questions
Get answers on Pygma's program structure, terms, and support for fintech founders.
Is the program remote or in person?
This is a remote program with an option in person closing event in NYC.
Why doesn't Pygma invest before or during the program?
We minimize risk by investing after the program, once we've seen a startup's growth and potential. So far, we've invested in 23% of our portfolio.
Which countries are eligible for application?
Startups from across Latin America and LatinX founders are eligible to apply.
Is just an idea enough to apply, or do I need more?
It depends on team, but we do take more established startups with a developed product and traction.
What type of investment agreement is used?
Specific details on the investment document will be provided during the program, tailored to meet both parties' needs.
What percentage of equity does PY take?
Pygma takes a 1% equity stake.
Can solo founders apply?
No, we believe in team work.
Is the trip to NYC included?
The NYC trip is not covered; you're responsible for your own flight and accommodation costs. However, there's no charge for attending our official events during that week. We recommend coordinating with your cohort for travel arrangements.