With the acquisition, EBANX expands its portfolio and cuts the way to consolidate itself as a true payments power in Latin America.
Remessa Online enters a new phase, expanding beyond Brazil. Fintech in São Paulo, created by Fernando Pavani, Alexandre Liuzzi and Marcio William, is one of the five largest companies in terms of the amount of remittances registered with the Central Bank and, according to it, accounts for a third of that market in the country.
The $20 million round raised in June of last year and led by Kaszek, with participation from Kevin Efrusy, Bewater Ventures and MAR Ventures, helped the company reach those marks faster. Between January and April of this year alone, the company grew 94.46% compared to the same period in 2020.
The success with individual customers also led the company to start serving small and medium-sized companies, Internet content producers and technology professionals. By the end of this year, Remessa Online should reach a volume of over R$21 billion moved since its foundation, in 2016.
"Everything that Remessa Online has built in these five years of history has been focused on delivering the best solutions to customers who want to operate internationally, within a proposal that combines transparency, efficiency and understanding of their real needs, whether they are people or companies of the most diverse postage. This is fully in line with our mission with EBANX, to continue transforming the business environment in Brazil and abroad”, said Fernando Pavani, co-founder and CEO of Remessa Online.
The company currently serves more than 350 thousand customers and has, more recently, invested in partnerships to grow its reach. In July of this year, it announced a partnership with Nubank, to offer the more than 48 million of the digital bank the remittance service. At the time, Remessa Online said that it hoped, through the partnership, to reach 1 million customers by the middle of 2022 and a revenue growth of 150% in 2022, the same expected growth rate for 2021.
Remessa Online is the second acquisition of EBANX, which, in October, announced the completion of the acquisition of Juno, fintech B2B that provides solutions for billing, payments, digital billing and a range of banking services. The value of the operation was not revealed at the time.
The acquisition of Remessa Online also takes place after EBANX raised a contribution of US$ 430 million made by Advent International, and investments by Lead Edge (via New York Avenue I LLC), Manzat Inversiones, GHS Holding Ltda and LTS Liquid Investments LLC (the fund of the newest fund by Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, together with Munib Islam, former head of investments at the manager Third Point).
“We are excited about the arrival of Remessa Online at this time in EBANX's history. We believe that the complementarity of operations will allow us to better serve EBANX customers in Latin America, while at the same time we will be able to accelerate and expand Remessa's plans”, explains João Del Valle, co-founder and CEO of EBANX.
With the acquisition, EBANX expands its portfolio and cuts the way to consolidate itself as a true payments power in Latin America.
Remessa Online enters a new phase, expanding beyond Brazil. Fintech in São Paulo, created by Fernando Pavani, Alexandre Liuzzi and Marcio William, is one of the five largest companies in terms of the amount of remittances registered with the Central Bank and, according to it, accounts for a third of that market in the country.
The $20 million round raised in June of last year and led by Kaszek, with participation from Kevin Efrusy, Bewater Ventures and MAR Ventures, helped the company reach those marks faster. Between January and April of this year alone, the company grew 94.46% compared to the same period in 2020.
The success with individual customers also led the company to start serving small and medium-sized companies, Internet content producers and technology professionals. By the end of this year, Remessa Online should reach a volume of over R$21 billion moved since its foundation, in 2016.
"Everything that Remessa Online has built in these five years of history has been focused on delivering the best solutions to customers who want to operate internationally, within a proposal that combines transparency, efficiency and understanding of their real needs, whether they are people or companies of the most diverse postage. This is fully in line with our mission with EBANX, to continue transforming the business environment in Brazil and abroad”, said Fernando Pavani, co-founder and CEO of Remessa Online.
The company currently serves more than 350 thousand customers and has, more recently, invested in partnerships to grow its reach. In July of this year, it announced a partnership with Nubank, to offer the more than 48 million of the digital bank the remittance service. At the time, Remessa Online said that it hoped, through the partnership, to reach 1 million customers by the middle of 2022 and a revenue growth of 150% in 2022, the same expected growth rate for 2021.
Remessa Online is the second acquisition of EBANX, which, in October, announced the completion of the acquisition of Juno, fintech B2B that provides solutions for billing, payments, digital billing and a range of banking services. The value of the operation was not revealed at the time.
The acquisition of Remessa Online also takes place after EBANX raised a contribution of US$ 430 million made by Advent International, and investments by Lead Edge (via New York Avenue I LLC), Manzat Inversiones, GHS Holding Ltda and LTS Liquid Investments LLC (the fund of the newest fund by Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, together with Munib Islam, former head of investments at the manager Third Point).
“We are excited about the arrival of Remessa Online at this time in EBANX's history. We believe that the complementarity of operations will allow us to better serve EBANX customers in Latin America, while at the same time we will be able to accelerate and expand Remessa's plans”, explains João Del Valle, co-founder and CEO of EBANX.
With the acquisition, EBANX expands its portfolio and cuts the way to consolidate itself as a true payments power in Latin America.
Remessa Online enters a new phase, expanding beyond Brazil. Fintech in São Paulo, created by Fernando Pavani, Alexandre Liuzzi and Marcio William, is one of the five largest companies in terms of the amount of remittances registered with the Central Bank and, according to it, accounts for a third of that market in the country.
The $20 million round raised in June of last year and led by Kaszek, with participation from Kevin Efrusy, Bewater Ventures and MAR Ventures, helped the company reach those marks faster. Between January and April of this year alone, the company grew 94.46% compared to the same period in 2020.
The success with individual customers also led the company to start serving small and medium-sized companies, Internet content producers and technology professionals. By the end of this year, Remessa Online should reach a volume of over R$21 billion moved since its foundation, in 2016.
"Everything that Remessa Online has built in these five years of history has been focused on delivering the best solutions to customers who want to operate internationally, within a proposal that combines transparency, efficiency and understanding of their real needs, whether they are people or companies of the most diverse postage. This is fully in line with our mission with EBANX, to continue transforming the business environment in Brazil and abroad”, said Fernando Pavani, co-founder and CEO of Remessa Online.
The company currently serves more than 350 thousand customers and has, more recently, invested in partnerships to grow its reach. In July of this year, it announced a partnership with Nubank, to offer the more than 48 million of the digital bank the remittance service. At the time, Remessa Online said that it hoped, through the partnership, to reach 1 million customers by the middle of 2022 and a revenue growth of 150% in 2022, the same expected growth rate for 2021.
Remessa Online is the second acquisition of EBANX, which, in October, announced the completion of the acquisition of Juno, fintech B2B that provides solutions for billing, payments, digital billing and a range of banking services. The value of the operation was not revealed at the time.
The acquisition of Remessa Online also takes place after EBANX raised a contribution of US$ 430 million made by Advent International, and investments by Lead Edge (via New York Avenue I LLC), Manzat Inversiones, GHS Holding Ltda and LTS Liquid Investments LLC (the fund of the newest fund by Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, together with Munib Islam, former head of investments at the manager Third Point).
“We are excited about the arrival of Remessa Online at this time in EBANX's history. We believe that the complementarity of operations will allow us to better serve EBANX customers in Latin America, while at the same time we will be able to accelerate and expand Remessa's plans”, explains João Del Valle, co-founder and CEO of EBANX.
🤩 Forma parte del único programa de entrenamiento en Neobanking de Latam. Más información aquí
