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Truepay Raises $32 Million In One Of The Largest-Ever Series A Rounds In Brazil

Truepay Raises $32 Million In One Of The Largest-Ever Series A Rounds In Brazil

11/23/21, 10:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/BR.svgsão paulo
Money raised
$32 million
Round Type
series a
TruePay, a startup whose innovative payment solution helps small and medium sized retailers have free and secure access to credit, has raised US$32 million in Series A funding led by Addition. This growth stage investment is one of the largest ever made in Brazil. The funds will be used to improve the solution, increase capacity and expand the team. The startup, which has been growing 100% a month, plans to grow tenfold by the end of 2022

Company Info

Company
True Pay
Location
são paulo, pará, brazil
Additional Info
TruePay unlocks credit card receivables and transforms them into purchasing power. By using such receivables as collateral, retailers can guarantee the payment to suppliers and access better payment conditions and more working capital, while suppliers are no longer exposed to default risk. SOURCE TruePay