Marvin is a B2B payments platform that is reimagining credit card receivables in Brazil. The paytech is the first startup to take advantage of the new Brazilian regulations and is offering a “registration-as-a-service” platform that allows SMBs to pay their suppliers using their own credit card receivables, thus unlocking credit for merchants and increasing sales for suppliers.
From the Marvin web app, merchants can make payments, see analytics around their cash flows, and execute accounting functions. Likewise, suppliers can see all their merchants’ payments, the status of their cash flows, and adjust controls for their merchant treasury operations. Interestingly, the team is already seeing merchant users spend hours every day in the Marvin platform, thinking of the software as their go-to finops control center — not just a payments option.
Marvin was launched in May last year by Bernardo Vale, CEO, and co-founder Henrique Echenique with an eye on a specific part of the Central Bank’s new regulation which “liberated” the balance of the POS terminals so that shopkeepers could use it to pay their suppliers without the need to anticipate receivables in the form of credit.