Brazilian fintech Malga raised a $5.5M Series A round led by iDEXO and Costanoa. Ignia, Citrino Ventures, Gaingels, QED, Norte Ventures, and Y Combinator also participated in the round.
Malga provides a unified API that allows businesses to connect with multiple financial services like payment providers, anti-fraud services, and analytics dashboards, personalizing the customer’s payment flow.
Malga will use the funds to grow the team and expand in Brazil.
“We want to triple our revenue again this year and will expand the team. At the current pace, we would reach breakeven in March, but we see a lot of room for new investments to grow faster,” said Malga’s Co-Founder and CEO Alex Vilhena.
Founded in 2020 and part of YC S21, Malga serves clients like Petlove, Privalia, and Ingresse and had a TPV of $684M in 2024.
Read more on Brazil Journal.
