PayRetailers acquires Brazilian fintech Transfeera

May 27, 2024

40 1 minute read

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Spanish global payment processor PayRetailers announced its acquisition of Transfeera for an undisclosed amount, pending approval from Brazil’s Central Bank and Administrative Council for Economic Defense.

PayRetailers will absorb Transfeera’s 450 clients and 62 employees, bringing its headcount to 550 employees worldwide across 10 different offices.

Transfeera offers a payment API for businesses, helping companies validate bank account details, make and receive payments via Pix, and automate payment workflows.

“We have already made several global acquisitions, and it is now time to consolidate our leadership in Brazil as the largest processor of high-complexity payments, offering an even wider range of products,” said Juan Pablo Jutgla, founder and CEO of PayRetailers.

Founded in 2017, Transfeera processed over $1.5B in transactions in 2023, and its clients include companies like iFood and Loft.