Brazilian fintech Barte raised $3M in a funding round led by NXTP and Force Over Mass, with participation from current investor Venture Friends.
Barte is a B2B online payments platform optimizing cash flow management for SMEs in LatAm through automation and revenue-based financing.
With this investment, Barte will scale operations and grow the business, expanding the product, increasing acquisition channels and payment products, and raising a debt structure for the credit business.
“The investment ends up being a consequence of what we have done in the last year. Our traction went very well, and we understood that the market wanted what Barte was developing. Our long-term vision is to serve the long tail of SMEs, underserved in payments and access to capital,” said Caetano Lacerda, founder of Barte.
Barte serves over 2,000 clients, including accounting and consulting firms, parts manufacturers, B2B e-commerce, and marketplaces.
Read more on LatamFintech.