Brazilian payments FinTech, Barte, headquartered in São Paulo, has secured an $8m Series A funding.
This investment round was led by AlleyCorp, a venture capital firm from New York founded by serial entrepreneur Kevin Ryan. The round also saw participation from existing investors including NXTP, VentureFriends, and Force Over Mass Capital.
Barte operates primarily by providing robust and flexible payments solutions, catering to medium and large businesses. Their offerings are distinguished into two core solutions: a multichannel payments platform that integrates various payment methods like PIX, suitable for both online and physical sales, and a white-label infrastructure that allows other ecosystems to integrate payment capabilities seamlessly.
The company plans to use the newly acquired funds to broaden its payments and cash flow solutions throughout Brazil. This expansion is part of Barte’s strategy to enhance the efficiency of business transactions in a region where online payment systems are still maturing. The focus is on transforming payments processing to be more business-friendly, ensuring better conversion rates, customer loyalty, and repeat purchases.
Additional information reveals Barte’s impressive growth trajectory, having increased its revenue by over 70 times since its seed round only 1.5 years ago. The company is already operationally profitable and is looking forward to tripling its revenue by the end of 2025, aiming to balance growth with sustainability.
Barte co-founder Raphael Dyxklay commented, “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.”
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