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Matera acquires Cinnecta to brings AI to instant payments

By Delisha Fernandes

August 16, 2023

  • B2B Merchants
  • Banking Solutions
  • Cinnecta
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Matera, an instant payment, QR code and digital ledger technology provider, has announced its strategic acquisition of Cinnecta, a data intelligence company.

The acquisition aims to provide clients unmatched value, especially in critical domains such as client retention and expanding transaction volumes.

By aligning forces, Matera and Cinnecta will enable clients to enhance their sales capabilities by delivering intelligent, actionable insights. With meaningful data, clients can offer their customers a broader range of products and services tailored to their needs precisely when they need them.

“Matera is at the forefront of fostering the expansion of Pix in Brazil, enhancing the financial ecosystem with innovation and synergy. We are now poised to enable our clients to add significant value to Pix transactions by seamlessly connecting our retail banks, which manage over 60 million accounts, with other clients offering merchant services,” said Carlos Netto, Co-Founder and CEO Matera.

Netto added, “This integration aims to not only increase transaction volumes but also foster client retention and augment their business potential around Pix. With the strategic support of Cinnecta, Matera is fully equipped to implement this visionary approach, elevating our commitment to drive growth and excellence in the financial sector.”

Cinnecta will complement Matera’s suite of offerings. The combined company will be able to innovate on a new scale to provide unparalleled client experiences. Its transformative banking solutions can pave the way for an intelligently connected financial future.

“We are fully aligned with Matera’s vision for payments and banking technology in Brazil and its US expansion,” said Eduardo Ferreira, Co-founder and CEO Cinnecta . “This is an incredibly exciting time to join the company, with Matera pushing into new territories. This represents an opportunity to apply our technology to transform an industry. “

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