The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved the acquisition of Transfeera, a fintech specialised in payment solutions for businesses, by PayRetailers, a leading payments processor in Latin America and Africa.
PayRetailer acquires Transfeera
The transaction is part of PayRetailers’ strategy to expand its presence in Brazil, following the acquisition of a payment institution license from the BCB in April.
The acquisiton will enable PayRetailers to gain direct access to Pix, strengthening its regulatory and risk management structure in Brazil, and expanding its opportunities in Open Banking.
Founded 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 over R$10 million in investments from Goodz Capital, Bossa Nova Investimentos, Honey Island, 4UM Investimentos, and Curitiba Angels.
The fintech brings more than 500 new clients, expanding PayRetailers’ structure in Brazil and worldwide.
With operations in more than 20 countries across Latin America and Africa, PayRetailers plans to increase its services to Brazilian companies in 2025.
“This acquisition provides us with access to a wide range of payment methods across Latin America and Africa through a single API, in over 20 countries and 250 payment methods,” says Fernando Nunes, co-founder and CEO of Transfeera.
“This positions us even more strongly to enhance our competitive advantages in the market. Together, we aim to accelerate our journey of technological innovation, offering innovative, secure, and efficient solutions to meet market demands.”
“Transfeera stands out as a technological and innovative powerhouse in Brazil, aligned with the best practices in risk management and security, being an entity supervised by the Central Bank of Brazil,” continues Juan Pablo Jutgla, founder and CEO of PayRetailers.
“We are excited about the opportunities this acquisition brings and confident that Transfeera will become even more robust and competitive.”
“Security, which has always been a fundamental pillar for Transfeera, now extends to new markets, such as sports betting. Our goal is to offer the same security and quality we’ve always provided to our partners and clients to these new sectors as well,” concludes Nunes.
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