PayRetailers acquires payment company Transfeera in a strategic move to expand its business in Brazil
RGS is pleased to announce that it has acted as financial advisor for Transfeera in its sale to PayRetailers. Founded in 2017, Transfeera, a payment institution regulated by the Central Bank of Brazil, specializes in providing technology and regulatory infrastructure for transactions and payments via Pix and Brazilian boletos. With over 450 clients, including fintechs, marketplaces, and e-commerce businesses, Transfeera positions itself as a reference player, evidenced by its annual TPV of over R$25 billion.
PayRetailers is a Spanish processor of high-complexity payments operating in more than 20 countries in Latin America and Africa. This strategic move strengthens its position in the Brazilian market and accelerates the development of a comprehensive roadmap of payment and banking technology solutions.
The transaction is still subject to approval by the Central Bank and CADE.
PayRetailers, one of the leading fintechs in payments in Latin America, announces the acquisition of Transfeera, a regulated payment processing company. The operation is subject to approval by the Administrative Council for Economic Defense (CADE) and is part of PayRetailers' strategic plan to grow in Brazil – in April, the company received a license from the Brazil’s Central Bank to operate as a payment institution (IP). Transfeera will continue to operate its services normally and will become part of the PayRetailers group, 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 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," says Juan Pablo Jutgla, founder and CEO of PayRetailers.
Founded in 2017, Transfeera offers platform and technology solutions for payment processing and bank data validation. 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 best practices of the Central Bank.
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 move, we gain access to a vast expertise in the development and offering of banking products, which 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," says Fernando Nunes, co-founder and CEO of Transfeera. With the operation, the executive remains in his position, and the company's operation becomes part of the PayRetailers Group.
The operation was supported by the legal advice of the law firms Pinheiro Neto Advogados and BMA Advogados, while the financial advisory was provided by the companies RGS Partners and Royal Park Partners.
The operation was supported by the legal advice of the law firms Pinheiro Neto Advogados and BMA Advogados, while the financial advisory was provided by the companies RGS Partners, with collaboration of CDI Global Latín América, and Royal Park Partners.
Operating in more than 20 countries in Latin America and Africa, PayRetailers aims to double its number of employees in Brazil by 2025 and expand its services to Brazilian companies.
This operation is subject to analysis and approval by Cade (Administrative Council for Economic Defense) and the Central Bank of Brazil.
About PayRetailers
Founded in 2017, PayRetailers is now 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 single API, an advanced technological platform, and commercial agreements, PayRetailers enables access to over 250 local payment methods. Its own technological architecture is highly flexible and scalable, allowing rapid innovation to meet the demands of constantly evolving markets. For more information about PayRetailers and its solutions, visit www.payretailers.com
About RGS and CDI Global
RGS Partners is a proud member of CDI Global and they were awarded the Best Independent M&A Assessment in the fourth edition. CDI Global provides middle-market advisory with global reaching success. Our commitment is to deliver worldclass service built on long-term client relationships. The pillars on which we have built our organization are integrity, excellence, client focus, and partnerships. These core values are at the forefront of every CDI Global engagement, driving our dedication to finding the best opportunities in virtually any industry or location. Our goal is to create a lasting and positive impact through our history of successful cross-border transactions.
For more information:
Erick Matheus Nery - +55 (11) 97371-1999 / nery@danthi.com.br
Aline Zampieri - + 55 (11) 93270-0999 / aline@danthi.com.br
