News from the Wire

PayRetailer's acquisition of Transfeera approved

Thursday, December 19, 2024 — 12:23:19 (EST)

London, 19th December 2024 – The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved the acquisition of Transfeera, a fintech specialised in payment solutions for businesses, by PayRetailers, a leading payments processor in Latin America and Africa.

The transaction is part of PayRetailers' strategy to expand its presence in Brazil, following the acquisition of a payment institution license from the BCB in April. The acquisiton will enable PayRetailers to gain direct access to Pix, a popular payment system in Brazil which lets users instantly transfer money in Brazilian real, strengthening its regulatory and risk management structure in Brazil, and expanding its opportunities in Open Banking.

Founded in 2017, Transfeera offers platform and technology solutions for payment processing and bank data validation. A regulated Payment Institution since 2023, the fintech has already received over R$10 million in investments from Goodz Capital, Bossa Nova Investimentos, Honey Island, 4UM Investimentos, and Curitiba Angels.

The Santa Catarina-based fintech brings more than 500 new clients, expanding PayRetailers' structure in Brazil and worldwide. With operations in more than 20 countries across Latin America and Africa, PayRetailers plans to increase its services to Brazilian companies in 2025.

“This acquisition provides us with access to a wide range of payment methods across Latin America and Africa through a single API, in over 20 countries and 250 payment methods. This positions us even more strongly to enhance our competitive advantages in the market. Together, we aim to accelerate our journey of technological innovation, offering innovative, secure, and efficient solutions to meet market demands,” says Fernando Nunes, co-founder and CEO of Transfeera.

“Transfeera stands out as a technological and innovative powerhouse in Brazil, aligned with the best practices in risk management and security, being an entity supervised by the Central Bank of Brazil,” says Juan Pablo Jutgla, founder and CEO of PayRetailers.

“We are excited about the opportunities this acquisition brings and confident that Transfeera will become even more robust and competitive. Security, which has always been a fundamental pillar for Transfeera, now extends to new markets, such as sports betting. Our goal is to offer the same security and quality we’ve always provided to our partners and clients to these new sectors as well,” concludes Nunes.

ENDS

NOTES TO EDITOR

About Transfeera

Founded in 2017 in Joinville (SC), Transfeera provides payment solutions for businesses, offering clients methods such as boleto with QR Code, payments and receipts via Pix, and centralizing all cash inflows and outflows. Recently, the fintech was authorized by the Central Bank to operate as a Payment Institution, granting it even more autonomy and agility. Named one of the 100 Startups to Watch in 2023 by Pequenas Empresas & Grandes Negócios and Época NEGÓCIOS, the company has already received more than R$10 million in investments from Goodz Capital, Bossa Nova Investimentos, Honey Island, 4UM Investimentos, and Curitiba Angels. Visit Transfeera's website to learn more.

About PayRetailers

Founded in 2017, PayRetailers is a global payment processing solution for secure and efficient transactions in Latin America and Africa. The company is a trusted partner for businesses seeking customised payment solutions. With a flexible platform supported by a direct API and commercial agreements, PayRetailers provides access to 300+ local payment methods, adapting rapidly to market demands. Its own technological architecture is highly flexible and scalable, allowing rapid innovation to meet the demands of constantly evolving markets. For more information about PayRetailers, visit www.payretailers.com

For media inquiries, please contact:

Issie Rees-Davies

Account Manager Lansons payretailers@lansons.com 07712447161

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Source: Company press release.