CloudWalk, owner of the financial services platform InfinitePay, has just raised the largest FIDC in its history. In the amount of R$ 2.7 billion, the fund will be used to finance the advance of credit card receivables. The goal of the fundraising is to support the rapid growth of InfinitePay's customer base, which jumped from 1 million in 2023 to 3 million by the end of 2024.
"Over the past year, CloudWalk has tripled its customer base, driven by the launch of a series of products and services aimed at micro, small, and medium-sized businesses," says Pablo de Mello, COO of CloudWalk.
Highlights include Tap to Pay technology, which turns smartphones into payment terminals, and the InfiniteNitro tool, which allows customers to receive the amount of sales made with a card in just a few seconds. InfinitePay also offers in its ecosystem a digital account with yield, a card, loans, tools for creating an online store, and billing management.
Pablo recalls that in 2019, when it was launched, InfinitePay introduced a new receivables anticipation model, with payment the day after the purchase and with better rates than those practiced in the market. In five years, we have evolved into a robust financial services platform that enables our clients to access resources more quickly, directly impacting cash flow, and consequently helping these micro and small businesses to thrive.
High demand
The operation, one of the largest of the year in the financial market, had demand exceeding supply, with 16 purchasing institutions of the quotas, including Assets and Family Offices, distributed across 85 investment vehicles. Itaú BBA was the lead coordinator of the FIDC, coordinating the operation together with Bradesco BBI, BTG, BB-Banco de Investimentos, and Banco Safra. The new fund has a three-year term and was structured in partnership with BTG Asset, which also acts as the manager of the FIDC.
In total, the fintech has raised nine FIDCs since 2021, with quotas totaling R$ 7.7 billion. In May of this year, she had already raised R$ 1.6 billion in four funds, which also had a much higher offer than demand.
"Once again, we are very pleased to have brought together a group of top-tier financial institutions. In a challenging and competitive environment, we again experienced an overbook in the operation. This is an important sign that the market recognizes CloudWalk's financial and operational robustness," says the COO.
CloudWalk currently has $500 million in annualized recurring revenue (ARR). Since 2019, the fintech has had the InfinitePay platform in Brazil, present in 100% of Brazilian municipalities. In the United States, it launched in 2024 with the payment app Jim.com, which offers American micro and small entrepreneurs the ability to receive instant payments on their smartphones.
