Barte will use the new capital to expand its cash flow and payments solutions across Brazil
Sending and accepting payments online in Brazil is still not as efficient as it should be. Barte, a fintech company based in São Paulo, today announced it has raised an $8m Series A to continue scaling its modular payments solutions, after growing more than 70x since their seed round 1.5 years ago.
The company, founded in 2022 by Portuguese entrepreneur Caetano Lacerda and Brazilian Raphael Dyxklay, focuses on serving medium and large companies by offering two main solutions: a multichannel payments platform and white-label infrastructure for ecosystems looking to plug payments capabilities without the complexity of operating them.
The first solution allows businesses to sell through various payment methods including PIX, both online and in physical stores, all while centralizing and reconciling transactions automatically. The second enables any company to improve their customer experience through an embedded payments module, while simultaneously creating a new revenue stream for them.
“In both cases, our conversations with clients go far beyond payments. We discuss topics like conversion rates, buyer loyalty, and repeat purchase propensity. It’s much more about evolution than just transactions,” says Dyxklay.
Barte is now well into the tens of millions of annualized revenue, and raised an $8m Series A led by AlleyCorp, a New York-based venture capital firm founded by serial entrepreneur Kevin Ryan. The investment was followed by current investors that included: NXTP, VentureFriends, and Force Over Mass Capital.
“We were already operationally profitable, and saw this as an excellent opportunity to accelerate our investments in product and expand go-to-market,” explains Lacerda.
“Barte’s wide range of fintech capabilities are already making a huge difference for companies of every size in Brazil,” says Marshall Porter, General Partner at AlleyCorp and member of Barte’s Board of Directors. “We’re excited at the potential to scale those solutions even more by making payments much more efficient from business to business.”
Merchant acquiring alone moves $1 trillion annually in Brazil, while still growing 10% every year. Mercado Pago, Mercado Livre’s financial arm, has been a key player in this market and a large driver of the $100 billion company’s growth in the past three years, for example.
In addition to already transacting billions through its platform, Barte's client base includes businesses such as Housi, EBAC, and Metalife. As Dyxklay explains, “Our focus is on bringing in the right client at the right time—medium and large companies that still struggle with payment services lag behind their own sense of urgency. Speed is a core principle at Barte, and our clients know this.”
While Barte is not chasing growth at any cost, its projections remain ambitious. The goal is to close 2025 by tripling revenue again, while balancing growth with sustainability. “We’re building a generational company, and more important than the 2025 target is delivering the best product and service to our clients. We’re calm and fully aware of the enormous opportunity ahead,” adds Lacerda.
One of Barte's top differentiators is its focus on customization and increasing the purchasing power of their clients' customers. “Our clients only subscribe to what makes sense for their business, with maximum flexibility. We call these modular solutions. There’s no such thing as 'one size fits all' here. Each case requires a specific mix of products and solutions,” Dyxklay explains.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241004666579/en/
Contacts
Bruno Israel, Barte
bruno.israel@barte.com