“Can a boutique LATAM QA-services firm scale by productizing its test automation into a proprietary platform (XCELERA)?”
Grupo HDI is a Brazilian software testing and QA services firm (not a fintech, and unrelated to HDI Global insurance). Founded 1992, it built a services business around software homologation and quality assurance, later productizing it as XCELERA, an internal test-automation platform. Its payment-industry angle is that it TESTS payment systems (ATMs, POS terminals, payment software) for clients — it does not operate embedded finance rails itself.