Autority.io

Autority.io is an Ecuadorian fintech that operates a consumer mobile app consolidating payments for government and household obligations. Through the app users can look up and pay traffic fines, vehicle registration (matrícula), technical vehicle inspection (RTV), driver licenses, tolls, electricity and water bills, IESS social security contributions and affiliation, SUPA obligations, property and municipal taxes, internet and telephony. The company describes more than 500 payment services across over 10 categories and availability 24/7.

The product is organized into several verticals. Autority Pay allows users to send money from a credit card to a bank account, generate a QR code to be paid, and collect via payment link. An insurance vertical is advertised for vehicle, life, health, home and travel cover, listed as coming soon. Autority Lending, described as a newly launching vertical, offers a loan application with an internal "Score Autority" credit profile, stated approval in minutes and disbursement to the user's bank account. An international payments vertical covers remittances into Ecuador from the United States, Spain, Italy, Germany, the United Kingdom, Canada, Mexico, Chile, Colombia and Peru. The company also runs a partner/alliances program for businesses that want to offer Autority services to their own customers.

In its earlier positioning, the company targeted vehicle owners specifically, citing that owners face over 250 individual transactions per year totaling roughly $10,000, and describing its approach as digitizing a traditionally physical, analogue and decentralized collections and payments model.

Founding story

Founded in 2021 in Quito, Ecuador, around the problem of the administrative and payment burden carried by Ecuadorian vehicle owners, who the company said face over 250 separate transactions and about $10,000 of vehicle-related obligations annually across tickets, registration taxes, tolls, parking, insurance, financing, licensing and fuel.

Business model

Autority operates a consumer-facing mobile application that aggregates public and private billers into a single checkout, positioning itself as an intermediary between Ecuadorian consumers and the agencies and utilities they must pay. Beyond bill aggregation, the company adds transactional and financial products on top of the same app: Autority Pay for card-funded transfers, QR collection and payment links; insurance distribution; consumer lending; and inbound remittances. A partner program invites third-party businesses to resell or embed Autority services, with the company citing access to its user base as the incentive.

Revenue is transaction-based: commissions on bill payments and on money movement through Autority Pay, which the company markets as the lowest commission in the market. Additional planned revenue lines include insurance distribution (vehicle, life, health, home and travel policies sold and renewed in-app), consumer lending, and cross-border remittance transfers into Ecuador.

Traction

The company's site cites more than 600,000 users, over 500 payment services and more than 10 categories, with 24/7 availability; partner materials reference more than 600,000 active users in Ecuador. The Techstars company listing records a size band of 11-50 employees and pre-seed stage.