B3, the Brazilian stock exchange, acquired a 62% stake in Brazilian fintech Shipay for $6.8M. The deal includes an option to buy the remaining stake by 2030, subject to performance targets, and is pending approval from CADE and CVM.
Shipay unifies Pix, wallets, QR codes, and other digital payments into one integration for retailers across POS, e-commerce, and ERPs.
The acquisition expands B3’s diversification strategy beyond equities and derivatives, strengthening B3’s role in the upcoming market for electronic invoice duplicates.
Shipay was founded in 2020 by ex-Itaú Luiz Coimbra and ex-Embraer and Totvs Charles Hagler.
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