Transfeera, a regulated payment provider in Brazil, was bought by PayRetailers, a fintech company located in Barcelona, Cataluña, Spain, that specializes in payments operations in Latin America.
The deal’s total value was not made public.
About Transfeera
Transfeera, under the direction of CEO Fernando Nunes, provides technology and platform solutions for bank data validation and payment processing.
PayRetailers plans to develop its operations in Brazil with this purchase. Transfeera expanded PayRetailers to 550 people globally, spread over ten offices, and brought in over 450 new clients and 62 staff.
About PayRetailers
PayRetailers is a worldwide leader in payment processing in Latin America and Africa, under the direction of CEO and Founder Juan Pablo Jutgla. It seeks to provide comprehensive e-commerce solutions that handle every step of cross-border transactions without requiring a local company. Using a single API, a cutting-edge technology platform, and business partnerships, the firm makes over 250 local payment options accessible. With operations in over 20 Latin American and African nations, PayRetailers hopes to extend its services to Brazilian businesses and treble its workforce in Brazil by 2025.
