On 16 July 2026 Gopass, the Colombian mobility payments fintech, announced the purchase of Pluxee Flotas Colombia, the fleet fuel expense division of France’s Pluxee (formerly Sodexo). It is the acquisition of a corporate business by a profitable fintech, an uncommon pattern in the region, and it comes as Gopass expands its operation in Mexico.
The transaction
Gopass buys Pluxee’s fleet fuel expense management business in Colombia. The price was not disclosed owing to confidentiality agreements; the negotiation lasted more than a year. The operation will be integrated under the Gopass brand during the second half of 2026, with the M&A process completed and two new products launched during the year.
The acquired asset processes 18 million gallons of fuel a year, about USD 130 million at current prices. Gopass, founded in 2019 by Jorge Miguel Camacho, Felipe Samper, Alejandro Uribe and Felipe Ochoa, processes more than 100 million transactions, about USD 50 million a month, serves one million users in Colombia and holds more than 50% of the toll tags in the market. It has been profitable since 2023, has doubled in size every year for three years and has raised more than USD 23 million from Kaszek, Kfund and Qualcomm.
In Mexico it has operated for about a year and a half with a B2B fleet solution alongside TeleVía; two executives will relocate to the country in January 2027 and the chief executive will split his time between both markets.
Value drivers
Cross-selling on a captive base. Gopass already collects tolls, parking and fines from one million users; fleet fuel adds the largest expense line of a transport operator. In our reading, the value lies in moving from one tag per vehicle to a single payment instrument for all fleet spending.
Profitable buyer, corporate seller. A non-core business for a multinational is worth more in the hands of a local operator that integrates it into its platform. Profitability since 2023 allowed Gopass to negotiate for more than a year without depending on a funding round to close.
Verifiable transaction volume. Eighteen million gallons and USD 130 million a year are auditable figures that set the price on processed volume and margin per transaction, not on projections.
Option to replicate in Mexico. The relationship with TeleVía in toll payments reproduces Gopass’s starting position in Colombia. In our reading, the Pluxee Flotas purchase is the playbook the company will try to apply in Mexico through acquisitions or partnerships in fuel.
What the market is signalling
For Mexico, the transaction anticipates consolidation in fleet payments: the fuel card and expense control businesses that today depend on banks, voucher issuers or benefits multinationals are natural targets for mobility fintechs with a user base and profitability. Toll operators and their technology partners are the point of entry.
For strategic buyers and financial sponsors holding corporate payments assets in Mexico, the signal is that a regional fintech can become a buying counterparty, not only a target. For founders, the precedent shows that early profitability, more than valuation, is what enables an acquisition strategy.
G2’s reading for a mandate
A buy-side mandate in mobility payments in Mexico should start from processed volume by category (tolls, fuel, parking) and the margin per transaction in each, and value the target asset by the additional spending it captures on the buyer’s existing base. The Gopass case confirms that a corporate seller accepts long processes if the buyer demonstrates the ability to close with its own resources; in a sell-side mandate for a non-core business, the competitive process should include profitable fintechs alongside traditional strategic buyers.
Sources
- Portafolio, 16 July 2026.
- LatamList, 23 July 2026.