Fintech
PayRetailers acquires Brazilian fintech Transfeera
Spanish global payments processor PayRetailers announced the acquisition of Transferer for an undisclosed amount, pending approval from the Central Bank and the Administrative Council for Economic Defense of Brazil.
PayRetailers will absorb Transfeera’s 450 clients and 62 employees, bringing its headcount to 550 employees worldwide in 10 different offices.
Transfeera offers a payment API for businesses, helping businesses validate bank account details, make and receive payments via Pix, and automate payment workflows.
“We have already made several global acquisitions and the time has come to consolidate our leadership in Brazil as the largest high-complexity payment processor, offering an even broader range of products,” said Juan Pablo Jutgla, founder and CEO of PayRetailers.
Founded in 2017, Transfeera has processed more than $1.5 billion in transactions as of 2023, and its clients include companies such as iFood AND Mezzanine.
Keep reading Startups.