Tuesday, January 14 – Brownsville, Texas – Supply Pay, the fastest-growing fintech company in the Rio Grande Valley, will become the first RGV-based startup to pitch at the upcoming Alamo Angels pitch event on Wednesday, January 15, 2025, representing a significant milestone in the region’s entrepreneurial ecosystem. This pitch comes on the heels of Supply Pay’s rapid success, including providing over $2.5 million in trade financing without a single loss, achieving profitability within four months, and supporting major U.S.-Mexico trade operations for companies who supply to industry names like Walmart, H-E-B, HelloFresh, and Kroger.
“Supply Pay’s upcoming pitch underscores the incredible opportunities Alamo Angels is bringing to the Rio Grande Valley region,” said Juan Sebastian Garzon, Executive Director of Alamo Angels. “As the largest and most active angel investment network in Texas, we are uniquely positioned to connect high-potential companies from underserved areas like the RGV with the resources, expertise, and capital they need to thrive. This is a prime example of how we’re driving innovation and fostering economic growth in our community.”
Supply Pay’s innovative AI-powered platform offers importers and exporters fast and flexible access to capital, real-time cash flow tracking, and predictive financial forecasting, filling a critical gap in cross-border trade financing. The company has garnered significant investor interest, with $600,000 already secured and commitments nearing $1.6 million from U.S. and global venture capital funds.
“This moment brings our mission full circle. Supply Pay started as an incubator member at the eBridge Center, grew through our StartUp Texas Pitch Competition, and is now taking the next big step by pitching to Alamo Angels,” said Cori Peña, President and CEO of the Brownsville Community Improvement Corporation (BCIC.) “It’s a proud example of how our innovation-driven programs are empowering entrepreneurs and transforming the Rio Grande Valley into a launchpad for scalable businesses.”
The upcoming pitch event represents a significant milestone for both Supply Pay and the growing RGV startup ecosystem. By attracting Alamo Angels and a diverse group of angel investors from across Texas, the event creates a unique platform for local startups to secure essential capital and establish key strategic alliances.
William Steele, Supply Pay’s CEO and Co-founder added, “It is an honor to be able to share what we are building with the Alamo Angel Network—with the help of the budding startup ecosystem here in the RGV, particularly e-Bridge, BCIC & UTRGV, and other local entrepreneurial networks—we have been able to prove that you can build a successful venture backed technology company here in our region.”
About Supply Pay
Supply Pay is a fintech startup based in Brownsville, Texas, dedicated to revolutionizing cross-border trade financing between U.S. buyers and Mexican suppliers. Leveraging a cutting-edge, AI-enabled platform, Supply Pay offers fast and flexible access to capital, real-time cash flow tracking, and predictive financial forecasting. By seamlessly integrating with clients' tax and accounting systems, the company provides unmatched efficiency in managing receivables. Achieving profitability within four months and financing over $2 million in trade without a single loss, Supply Pay addresses critical gaps in cross-border commerce. With a mission to democratize trade finance for investors and small to medium-sized enterprises globally, Supply Pay is poised to become a leading force in the fintech industry.
About the Brownsville Community Improvement Corporation
The Brownsville Community Improvement Corporation (BCIC) is a Type B economic development corporation. It is dedicated to driving sustainable economic development, enhancing quality of life, fostering innovation, empowering entrepreneurs, supporting strategic projects, and cultivating partnerships that support Brownsville’s thriving and vibrant community. BCIC operates under four core pillars. The first is Community Development, achieved through initiatives like the BIG Grants, which support the revitalization and preservation of Historical Downtown Brownsville, and the Quality of Life Grants, designed to enhance the community’s well-being. These grants fund projects that create welcoming and inclusive spaces, improve amenities, and promote activities that benefit residents and visitors. The second pillar is Finance Programs, which support local small businesses by providing financial resources to help them start or expand. This, in turn, creates jobs with livable wages, contributing to the overall economic stability of the region. The third pillar is Innovation & Entrepreneurship, where BCIC supports the entrepreneurial journey with incubation, acceleration, and continuous assistance. Lastly, BCIC’s Marketing and Communications efforts drive public engagement by amplifying the impact of programs, fostering community pride, and promoting Brownsville as an attractive hub for living, working, and investing.
For more information, visit www.brownsvillecic.com. For media inquiries, please contact Nelson Amaro, Director of Marketing & Communications, at namaro@brownsvillecic.com
About Alamo Angels RGV Chapter
The Alamo Angels Rio Grande Valley (AARGV) Chapter, founded in May 2024, is a strategic initiative aimed at unifying and expanding investment opportunities in South Texas. A collaboration with the Alamo Angels Investment Group in San Antonio and the Brownsville Community Improvement Corporation (BCIC), headquartered at the eBridge Center for Business & Commercialization, the RGV Chapter is committed to fostering a dynamic startup ecosystem across Brownsville and the greater Rio Grande Valley. Together with our partners, the UTRGV Entrepreneurship & Commercialization Center, the AARGV Chapter supports local entrepreneurship by providing essential funding, mentorship, and resources to startups and early-stage companies. This initiative addresses the region’s brain drain by offering a sustainable support network for homegrown talent and creating opportunities for entrepreneurs to build and scale their ventures locally. AARGV hosts monthly pitch events to showcase innovative startups, bi-monthly educational sessions to inform members of the latest market trends, and quarterly networking events that foster valuable connections among investors and entrepreneurs. Additionally, it organizes special events that promote diversity, education, and entrepreneurship, creating a welcoming environment for business growth and collaboration.
For more information, visit www.alamoangels.com. For media inquiries, please contact Samantha Morales, local representative, at samantha@alamoangels.com
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