A 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 anticipation of credit card receivables. The goal of fundraising is to support the rapid growth of InfinitePay's customer base, which jumped from 1 million in 2023 to 3 million at the end of 2024.
"Throughout the last year, CloudWalk tripled its customer base, driven by the launch of a series of products and services aimed at micro, small and medium enterprises, says Pablo de Mello, COO of CloudWalk.
Among the highlights is the Tap to Pay technology, that transforms smartphones into payment machines, and the tool InfiniteNitro, that allows the customer to receive the amount of sales made on the card in a few seconds. InfinitePay also offers a digital account with earnings in its ecosystem, card, loans, tools for creating an online store and payment management
Pablo remembers that in 2019, when was it released, InfinitePay has introduced a new model for anticipating receivables, with payment the day after the purchase and with better rates than those practiced in the market. In five years, we evolved into a robust financial services platform that allows 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 biggest of the year in the financial market, there was a demand above the supply, counting on 16 purchasing institutions of the shares, among them Assets and Family Offices, distributed across 85 investment vehicles. Itaú BBA was the lead coordinator of the FIDC, coordinating the operation in conjunction with Bradesco BBI, BTG, BB-Investment Bank and Safra Bank. 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 captured R$ 1,6 billion in four funds, that also had a supply much greater than the demand.
"Once again, we are very pleased to have brought together a group of top-tier financial institutions. In a challenging and competitive scenario, we had another overbook in the operation. It is an important sign that the market recognizes the financial and operational robustness of CloudWalk, says the COO.
CloudWalk today has US$ 500 million in annual recurring revenue (ARR). Since 2019, the fintech has in Brazil the platform InfinitePay, present in 100% of Brazilian municipalities. In the United States, launched in 2024 with the payment app Jim.with, that offers American micro and small entrepreneurs the possibility of receiving instant payments on their smartphones
