PayRetailers, one of the leading fintech companies in the payments space in Latin America, announced the acquisition of Transfeera, a regulated payment institution in Brazil. The deal, which is still subject to approval by the Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil, is part of PayRetailers' strategic plan for growth in Brazil – in April, the company received a license from the Central Bank of Brazil to operate as a Payment Institution (IP). Transfeera will continue to operate its services normally and will become part of the PayRetailers group, upon closing of the transaction, strengthening its technological capabilities.
“We have already added some global acquisitions and it is time to strengthen our leadership in Brazil as the largest processor of highly complex payments, offering a wide range of products. We should soon announce new acquisitions on other continents, strengthening our position as a reference in payment methods,” says Juan Pablo. Jutjala, Founder and CEO of PayRetailers.
Founded in 2017, Transfeera provides core and technology solutions for payment processing and banking data validation. According to Jutgla, the Santa Catarina-based company is emerging as a technological and innovative force in the local scene, in addition to being consistent with industry best practices as an entity supervised by the Central Bank.
Transfeera brings on more than 450 new clients and 62 employees, expanding PayRetailers' structure to 100 employees in Brazil and 550 employees worldwide, spread across ten offices.
“As Transfeera, through this move, we have access to extensive experience in developing and delivering banking products, which certainly advances us in building competitive advantages in the market. Together, we aim to accelerate our journey in technological innovation, and provide the market with innovative, secure and efficient solutions. Become The company's operations are part of the PayRetailers group.
The process was supported by legal advice from the law firms Pinheiro Neto Advogados and BMA Advogados, while strategic financial advice was provided by Royal Park Partners and RGS Partners (CDI Global Partner in Brazil in collaboration with CDI Global Latin America), for both the buyer and the seller. respectively.
PayRetailers operates in more than 20 countries in Latin America and Africa, and aims to double its headcount in Brazil by 2025 and expand its services to Brazilian businesses.
About Retailers Payment
Founded in 2017, PayRetailers is now a global leader in payment processing in Latin America and Africa. The company's mission is to provide complete e-commerce solutions, covering the entire international transaction process without the need for a local entity. Through a single API, advanced technology platform, and merchant agreements, PayRetailers provides access to over 250 local payment methods. Its proprietary technology architecture is highly flexible and scalable, allowing rapid innovation to meet the demands of ever-evolving markets. For more information about PayRetailers and its solutions, visit https://www.payretailers.com/
PayRetailers, one of the leading fintech companies in the payments space in Latin America, announced the acquisition of Transfeera, a regulated payment institution in Brazil. The deal, which is still subject to approval by the Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil, is part of PayRetailers' strategic plan for growth in Brazil – in April, the company received a license from the Central Bank of Brazil to operate as a Payment Institution (IP). Transfeera will continue to operate its services normally and will become part of the PayRetailers group, upon closing of the transaction, strengthening its technological capabilities.
“We have already added some global acquisitions and it is time to strengthen our leadership in Brazil as the largest processor of highly complex payments, offering a wide range of products. We should soon announce new acquisitions on other continents, strengthening our position as a reference in payment methods,” says Juan Pablo. Jutjala, Founder and CEO of PayRetailers.
Founded in 2017, Transfeera provides core and technology solutions for payment processing and banking data validation. According to Jutgla, the Santa Catarina-based company is emerging as a technological and innovative force in the local scene, in addition to being consistent with industry best practices as an entity supervised by the Central Bank.
Transfeera brings on more than 450 new clients and 62 employees, expanding PayRetailers' structure to 100 employees in Brazil and 550 employees worldwide, spread across ten offices.
“As Transfeera, through this move, we have access to extensive experience in developing and delivering banking products, which certainly advances us in building competitive advantages in the market. Together, we aim to accelerate our journey in technological innovation, and provide the market with innovative, secure and efficient solutions. Become The company's operations are part of the PayRetailers group.
The process was supported by legal advice from the law firms Pinheiro Neto Advogados and BMA Advogados, while strategic financial advice was provided by Royal Park Partners and RGS Partners (CDI Global Partner in Brazil in collaboration with CDI Global Latin America), for both the buyer and the seller. respectively.
PayRetailers operates in more than 20 countries in Latin America and Africa, and aims to double its headcount in Brazil by 2025 and expand its services to Brazilian businesses.
About Retailers Payment
Founded in 2017, PayRetailers is now a global leader in payment processing in Latin America and Africa. The company's mission is to provide complete e-commerce solutions, covering the entire international transaction process without the need for a local entity. Through a single API, advanced technology platform, and merchant agreements, PayRetailers provides access to over 250 local payment methods. Its proprietary technology architecture is highly flexible and scalable, allowing rapid innovation to meet the demands of ever-evolving markets. For more information about PayRetailers and its solutions, visit https://www.payretailers.com/
