Brazilian eCommerce startup Olist acquired Brazilian fintech Flip as part of its strategy to offer easy financial services to SMEs.
Founded in 2015, Olist connects merchants to major marketplaces through a single platform. It simplifies listing, inventory, and order management, acting as a central hub for multichannel e-commerce.
Flip provides merchants with immediate funding by advancing the value of their future receivables, charging a fee for the invoice-backed credit.
“Anticipation of receivables should be as easy as issuing an invoice. All in just a few minutes and clicks, in the same place. In a single step, the customer compares options, advances payments, and chooses the best option with clarity and autonomy,” said Tiago Dalvi, Olist’s founder and CEO.
Founded in 2018, Flip has originated over $182M in credit.
Read more on LatamFintech Hub.
