PaySecure, a global payment company, acquired a stake in a55, a Brazilian fintech that provides loans to small businesses based on future earnings.
With this acquisition PaySecure will use a55Pay to offer better loan options and support small businesses, strengthening its presence in Latin America.
“We are excited to form a strategic alliance with a55 as we expand in Latin America. With better credit and payment solutions, we want to help small businesses grow and succeed,” said Amit Hooja, CEO of PaySecure.
A55 has supported over 600 businesses in Brazil and Mexico, providing about $70M in funding.
Read more on Latam Fintech.
