The Administrative Council for Financial Protection (CADE) and the Central Financial institution of Brazil (BCB) have formally permitted PayRetailers, the funds processor in Latin America and Africa, to amass Transfeera, a fintech centered on fee options for companies.
As PayRetailers seems to develop its presence in Brazil, it hopes the acquisition of Transfeera will allow it to realize direct entry to Pix, the real-time fee system in Brazil. It says this is able to strengthen the corporate’s regulatory and threat administration construction in Brazil, and develop its alternatives in open banking.
Transfeera provides platform and expertise options for fee processing and financial institution knowledge validation and has already secured over R$10million in funding. The Santa Catarina-based fintech, which was based in 2017 and has been a regulated fee establishment since 2023, brings over 500 new purchasers to Payretailers.
With operations in additional than 20 international locations throughout Latin America and Africa, PayRetailers goals to supply its providers to Brazilian firms in 2025.
Juan Pablo Jutgla, founder and CEO of PayRetailers, stated: “Transfeera stands out as a technological and modern powerhouse in Brazil, aligned with the most effective practices in threat administration and safety, being an entity supervised by the Central Financial institution of Brazil.”
Growth into new markets
The information comes shortly after PayRetailers was granted a fee establishment license from the BCB in April earlier this yr.
“This acquisition gives us with entry to a variety of fee strategies throughout Latin America and Africa by means of a single API, in over 20 international locations and 250 fee strategies,” defined Fernando Nunes, co-founder and CEO of Transfeera. “This positions us much more strongly to reinforce our aggressive benefits out there. Collectively, we goal to speed up our journey of technological innovation, providing modern, safe, and environment friendly options to fulfill market calls for.
“We’re excited in regards to the alternatives this acquisition brings and assured that Transfeera will grow to be much more strong and aggressive. Safety, which has all the time been a elementary pillar for Transfeera, now extends to new markets, resembling sports activities betting. Our purpose is to supply the identical safety and high quality we’ve all the time supplied to our companions and purchasers in these new sectors as properly.”
