Barte, a Brazilian Fintech firm, has announced raising $8 million in its Series A funding round that will help it scale its modular payment solutions.
The latest funding round was led by AlleyCorp, a New York-based venture capital firm founded by serial entrepreneur Kevin Ryan, with participation from existing investors NXTP, VentureFriends, and Force Over Mass Capital.
This infusion of capital will support Barte’s product development and market expansion efforts, building on its already operational profitability and substantial annualized revenue, according to the announcement.
Founded in 2022 by Portuguese entrepreneur Caetano Lacerda and Brazilian Raphael Dyxklay, Barte claims to have experienced rapid growth, expanding more than 70 times since its seed round 1.5 years ago.
The São Paulo-based company focuses on serving medium and large enterprises by offering a multichannel payments platform and white-label infrastructure, enabling businesses to integrate payment capabilities without the complexities of managing them internally.
Barte’s multichannel platform allows businesses to accept various payment methods, including Brazil’s popular PIX system, both online and in physical stores, while centralizing and automating transaction reconciliation.
Its white-label solution enables companies to enhance customer experiences through embedded payment modules, simultaneously generating new revenue streams.
Barte operates in a robust merchant acquiring market in Brazil, which handles approximately $1 trillion annually and continues to grow at a rate of 10% per year.
The company’s client portfolio includes prominent businesses such as Housi, EBAC, and Metalife, reflecting its strong presence in the market.
Looking ahead, Barte aims to triple its revenue by the end of 2025 while maintaining sustainable growth.
The company emphasizes customization and flexibility in its offerings, ensuring that each client receives tailored solutions to meet their specific business needs. Barte said this approach distinguishes it in a competitive fintech landscape, where speed and adaptability are crucial for client satisfaction and retention.
