The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have reportedly greenlighted the acquisition of Transfeera, a fintech that is specialized in various payment solutions for businesses, by PayRetailers, a payments processor.
The latest transaction is said to be part of PayRetailers’ strategy to expand its presence in Brazil, after the acquisition of a payment institution license from the BCB.
The acquisition will enable PayRetailers to obtain direct access to Pix, a widely-used payment system in Brazil that lets clients instantly transfer funds denominated in Brazilian real, boosting its regulatory and risk management structure in the country, and further expanding its opportunities in open banking.
Established back in 2017, Transfeera provides platform as well as tech solutions for payment processing and banking data validation.
A regulated Payment Institution, the fintech firm claims that it has already received more than R$10 million in total investments from the following entities: Goodz Capital, Bossa Nova Investimentos, Honey Island, 4UM Investimentos, and Curitiba Angels.
The Santa Catarina-headquartered fintech reportedly brings more than 500 new clients, expanding PayRetailers’ structure in Brazil and worldwide.
With operations in more than 20 different countries, PayRetailers plans to increase its services to Brazilian companies in 2025.
Fernando Nunes, co-founder and CEO of Transfeera
“This acquisition provides us with access to a wide range of payment methods … through a single API, in over 20 countries and 250 payment methods. … Together, we aim to accelerate our journey of technological innovation, offering innovative, secure, and efficient solutions to meet market demands.”
Juan Pablo Jutgla, founder and CEO of PayRetailers said:
“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.”
Nunes added:
“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.”