Acquisition

Payretailers acquisition news – Spain-based Fintech Company PayRetailers Acquired Transfeera

May 24, 2024 | By Startup Rise EU

PayRetailers, a fintech company with headquarters in Spain, has purchased Transfeera, a Brazilian payment company. The Administrative Council for Economic Defence and the Central Bank of Brazil must both approve the transaction.

PayRetailers, a fintech company with headquarters in Spain, has purchased Transfeera, a Brazilian payment company. The Administrative Council for Economic Defence and the Central Bank of Brazil must both approve the transaction.

SUMMARY

  • PayRetailers, a fintech company with headquarters in Spain, has purchased Transfeera, a Brazilian payment company.

It's strategic aim to expand in Brazil includes this purchase. The Central Bank of Brazil granted the business a licence to function as a payment institution (IP) in April. After the deal closes, Transfeera will continue to provide its services and join the PayRetailers group.

Juan Pablo Jutgla, founder and CEO of PayRetailers said, "We have already added some global acquisitions. The time has come to consolidate our leadership in Brazil as the largest processor of high-complexity payments, offering an even wider range of products. We should soon announce new acquisitions on other continents, consolidating our position as a reference in payment methods,".

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] BirdsEyeView Raises Major Investment round of an Undisclosed Seven-Figure Funding
Startup Rise EU
Dec 13, 2023
recomd
Recent Articles
[Funding alert] Belgian Sports Tech Startup Raw Stadia Secures €1.5 Million in Funding
Startup Rise EU
Dec 13, 2023
recomd
Recent Articles
Amsterdam-based Bloom & Wolf Secures €1.4 Mn Pre-seed Funding led by CapitalT,
Startuprise
Apr 27, 2024

Fernando Nunes, co-founder and CEO of Transfeera, added: “As Transfeera, we gain access to a vast expertise in the development and offering of banking products. This certainly advances us in building competitive advantages against the market. Together, we aim to accelerate our journey of technological innovation, providing the market with innovative, safe, and efficient solutions.”

About Transfeera

Transfeera, which was established in 2017, provides technology and platform solutions for bank data validation and payment processing. Transfeera hires 62 people and brings in over 450 new clients. With this expansion, PayRetailers now employs 550 people globally, spread over ten offices, including 100 in Brazil.

Read also - Resilience funding news – Healthtech Company Resilience Secures $25 Million in Funding

About PayRetailers

The goal of PayRetailers, which was established in 2017 in Barcelona, is to democratise financial goods and make everyday administration easier for everyone. Their primary goal was to create an online payment system that would link multinational corporations with their Latin American clientele over a safe and easily navigable network.

Recommended Stories for You

story
Funding

[Funding alert] London-based OctaiPipe Secures £3Million in Pre-Series A Round Funding

Startup Rise EU Jan 25, 2024

story
Recent Articles

[Funding alert] Switzerland-based Spiden Secures $15Million in Additional Funding

Startup Rise EU Feb 1, 2024

story
Recent Articles

[Funding alert] Paris-based Fintech Startup Pennylane Secures €40 Million in Series C Round Funding

Startup Rise EU Feb 8, 2024

story
Funding

[Funding alert] Paris Company Wakeo Secures €18 Million in Funding

Startup Rise EU Dec 5, 2023

story
Funding

[Funding alert] London-based EyeBiotech Company Secures $65M Additional in Series A Round Funding

Startup Rise EU Nov 20, 2023

story
Recent Articles

Funding Wrap of the Week | European Startups Funding Roundup | May 19 – May 24

Startup Rise EU May 25, 2024