Brazilian fintech unicorn CloudWalk, the company behind InfinitePay, raised $780M through FIDC funds. The round includes 87 institutional investors, including Itaú BBA, Bradesco BBI, UBS BB, BTG Pactual, Santander, Safra, and Banco Votorantim.
CloudWalk, through InfinitePay, offers comprehensive solutions for receiving and making payments, including tap-to-pay, payment accounts, POS terminals, and credit and debit cards.
The funds will be used to finance credit card receivables for merchants using InfinitePay across Brazil.
Founded in 2013, CloudWalk has raised $2.7B through 11 FIDCs.
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