“Can a Brazil-born cross-border payments specialist become the default rails for global merchants selling into every emerging market (LatAm + Africa + Asia)?”
Founded 2012 in Brazil to give global merchants (Amazon, AliExpress, Shopee, Spotify, Uber) a single integration into Latin American local payment methods like Pix, Boleto, and OXXO. Became a Brazilian unicorn with FTV Capital, then raised $430M from Advent in 2021 to fund a US IPO that was ultimately cancelled. Since 2023 has aggressively expanded beyond LatAm into Africa, Middle East, and Asia — repositioning from 'LatAm payments specialist' to 'emerging markets cross-border payments platform.' Recent push into BNPL (APLAZO in Mexico) signals a move from pure pay-in/payout processing toward embedded financing for cross-border commerce.