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Brazilian FinTech Barte raises $8m in Series A led by AlleyCorp

By Gloria Mathias

October 07, 2024

  • AlleyCorp
  • Barte
  • Brazil
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Barte, FinTech News, FinTech Solutions, FinTech News, Brazil, Payments Technology, Payments Solutions,  Payments USA, PIX payments, AlleyCorp, Series A Funding, Barte, a FinTech company based in São Paulo, has raised $8 million in Series A funding to continue scaling its modular payments solutions. Barte will use the new capital to expand its cash flow and payment solutions across Brazil.

The company, founded in 2022 by Portuguese entrepreneur Caetano Lacerda and Brazilian Raphael Dyxklay, focuses on serving medium and large companies by offering a multichannel payments platform and white-label infrastructure for ecosystems.

“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,” said Founder of Barte, Raphael Dyxklay.

Barte is now well into the tens of millions of annualized revenue and raised an $8 million Series A led by AlleyCorp, a New York-based venture capital firm founded by serial entrepreneur Kevin Ryan.

“Barte’s wide range of FinTech capabilities are already making a huge difference for companies of every size in Brazil,” said 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.”

In addition to already transacting billions through its platform, Barte’s client base includes businesses such as Housi, EBAC, and Metalife. As Dyxklay explained, “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 sense of urgency. Speed is a core principle at Barte, and our clients know this.”

“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 its 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.

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