Antecipa
“Can a buyer-led supply-chain finance marketplace become the default rail for Brazil's post-Duplicata Escritural receivables credit market?”
Founded2016
HQBrazil
Latest roundAcquired by CERC (majority stake), 2024
IndustryFintech / Lending
The story
Founded in 2016 as a receivables anticipation platform aiming to undercut Brazilian bank spreads. Acquired by XP Inc. in 2020 to target mid-market and large corporates, then majority-acquired by CERC (Brazilian credit registry) in 2024 to position around the new Duplicata Escritural electronic-invoice regime. The product is a buyer-driven supply-chain finance / dynamic discounting marketplace connecting corporate buyers, their suppliers, and multiple capital sources (banks, FIDCs).
Last 12 months
Product timeline
2016
Antecipa founded to reduce banking spread in Brazil via receivables anticipation· pivot
2019
Investment from Redpoint eventures· banking
2020
Acquired by XP Inc. to expand into mid/large enterprise segments· acquisition
2024
CERC acquires majority stake to build post-Duplicata Escritural credit market· acquisition
The stack
2 layers disclosed in Antecipa’s embedded-finance stack
Lending
Risco Sacado (reverse factoring / supply-chain finance)Dynamic Discounting (desconto condicional) — buyer-funded early paymentAntecipação de Recebíveis (receivables anticipation marketplace)Multi-source capital marketplace (bank + FIDC funders)
Accounting
in the full report
Accounting gap: minor
3 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.