EBANX, a Fintech firm for payment solutions in Latin America, confirms that it has finalized the acquisition of Juno, a Brazilian payments firm that enables e-commerce via billing and banking services in the South American country.
Juno, one of the key players in the domestic payments sector in Brazil, has considerable expertise in the field. Juno’s clients include over 35,000 small and medium companies in Brazil that use its billing and payments solutions, “including its digital account Conta Juno,” according to an update shared with CI.
The completion of Juno’s acquisition by EBANX follows a $430 million Series C investment that EBANX received from Advent International in June, “as well as the acquisition of shares in the Brazilian Banco Topázio, which is helping to optimize the company’s foreign-exchange operations,” the announcement confirmed.
João Del Valle, CEO and co-founder of EBANX, stated:
“Juno is a trusted partner that has an outstanding history in the payments industry, offering innovative services and helping thousands of Brazilian companies and entrepreneurs to sell online. We are honored to have them onboard, to provide Brazilian companies and consumers with broadened access to the very best payment solutions.”
Established in 2014, Juno’s platform enables Brazilian merchants to sell online via Pix, boleto bancário and credit cards, “in addition to managing their payments flow in their own digital accounts,” the update noted.
As stated in the release:
“Besides enabling payments with Pix, Juno offers BaaS (Banking as a Service) capabilities and is a member of the Brazilian Interbank Payments Chamber (CIP), which acts as a clearinghouse that validates user data for security purposes and identity check.”
The solutions created by Juno have led to a total volume of over BRL 4.7 billion last year, “representing a growth of over 130 percent, and they have positioned it as one of the most important Fintechs serving SMBs and larger corporations in Brazil.”
Juno Product Director André Carréraat, remarked:
“This is an exciting moment in the history of Juno. EBANX’s trust in our work proves the value of our solutions and gives us the opportunity to grow our services and portfolio. We are very happy to be part of EBANX’s big dream and what we can achieve together from now on.”
As mentioned in the release, EBANX is one of the largest payments platforms in Latin America, connecting over 35,000 global and regional companies with customers from “one of the fastest-growing digital markets in the world.”
The firm was founded in 2012 with the mission of “giving access for Latin Americans to purchase from international e-commerce merchants.”
With robust tech and infrastructure, combined with the deepest knowledge in Latin American markets, EBANX “allows companies with local or international operations to connect with hundreds of payment methods in different countries.”
EBANX also notes that it “goes beyond payments, increasing sales and fueling seamless purchase experiences for companies and consumers.”
As noted in the update, Juno is “a complete billing and payments solution for Brazilian companies to sell and receive payments and manage their cash flow in their own digital accounts, easily and without bureaucracy.”
Juno’s platform lets Brazilian merchants to sell via Pix, boleto bancário and credit cards, “having more than 35,000 clients in the country and offering its own digital account.”