Transfeera continues to operate its services normally and will be part of the PayRetailers group, when the transaction is closed, reinforcing its technological capabilities.
"We have already added some global acquisitions and the time has come to consolidate our leadership in Brazil as the largest highly complex payments processor, offering an even wider range of products. We should soon announce new acquisitions on other continents, consolidating our position as a reference in media payments,” says Juan Pablo Jutgla, founder and CEO of PayRetailers.
Created in 2017, Transfeera offers platform and technology solutions for payment processing and bank data validation. A regulated Payment Institution since 2023, the fintech has already received more than R$10 million (US$ 2m) in investments from funds Goodz Capital, Bossanova Investimentos, Honey Island, 4UM Investimentos and Curitiba Angels.
According to Jutgla, the company from Santa Catarina stands out as a technological and innovative powerhouse in the local scene, in addition to being aligned with the industry's best practices as an entity supervised by the BC.
Transfeera brings more than 450 new customers and 62 employees, expanding PayRetailers' structure to 100 employees in Brazil and 550 worldwide, distributed across ten offices.
“As Transfeera, with this movement, we gained access to a vast expertise in the development and offering of banking products, which certainly makes us advance in building competitive advantages in the market. Together, we aim to accelerate our journey of technological innovation, providing the market with innovative, safe and efficient solutions,” says Fernando Nunes, co-founder and CEO of Transfeera.
With the operation, the executive continues in his position and the company's operation becomes part of the PayRetailers Group.
Operating in more than 20 countries in Latin America and Africa, PayRetailers intends to double the number of employees in Brazil by 2025 and expand service to Brazilian companies.
The operation had legal advice from Pinheiro Neto Advogados and BMA Advogados, while strategic financial advice was provided by the companies Royal Park Partners and RGS Partners (CDI Global Partner in Brazil in collaboration with CDI Global Latin America), each for the buyer and seller, respectively.
Founded in 2017, PayRetailers is today a global leader in payment processing in Latin America and Africa. The company's mission is to offer complete solutions for e-commerce, covering the entire process of international transactions without the need for a local entity.
Through a unique API, advanced technology platform and commercial agreements, PayRetailers enables access to more than 250 local payment methods. Its proprietary technological architecture is highly flexible and scalable, allowing rapid innovation to meet the demands of constantly evolving markets.
More information about PayRetailers and its solutions at https://www.payretailers.com/
Source: GMB
