Brazilian fintech CloudWalk raised $444M through a Credit Rights Investment Fund (FIDC) structured by Itaú BBA, with participation from Bradesco BBI, BTG Pactual, BB Investimentos, and Banco Safra. The funding comes 6 months after a $313M FDIC in May 2024, and is the largest in CloudWalk’s history.
CloudWalk provides payment solutions for merchants through its InfinitePay platform, offering features like next-day payments and instant payouts to help businesses access funds quickly and manage cash flow effectively.
CloudWalk will use the funds to provide upfront payments to merchants for their credit card sales, ensuring they get paid faster.
Founded in 2013, CloudWalk has grown its merchant base from 1 million in 2023 to 3 million by the end of 2024, serving businesses in retail, food services, and e-commerce.
Read more on LatamFintech Hub.
