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CloudWalk becomes a new unicorn in Brazil after receiving a contribution of US$ 150M

November 22, 2021
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CloudWalk becomes a new unicorn in Brazil after receiving a contribution of US$ 150M
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CloudWalk, a payment technology network based in São Paulo, announced a contribution of US$ 150 million, in a Series C round led by the Coatue fund and with participation from DST Global, A-Star, The Hive Brazil, Plug and Play Ventures , Valor Capital Group, as well as angel investor Gokul Rajaram and football players Larry Fitzgerald and Kelvin Beachum.

Financial Technology Partners (FT Partners) acted as CloudWalk's exclusive strategic and financial advisor in this transaction. With this financing, the company raises its total capital to US$365 million and implies a valuation of US$2.15 billion.

Present in 150 thousand stores in 4.3 thousand Brazilian cities, Cloudwalk works to create the best payment network in the world, democratizing the industry and empowering merchants and entrepreneurs through inclusive and transformative technological solutions. In 2019, the company launched InfinitePay, its main payment processing platform, and acquired Confere, a cash flow reconciliation and financial data aggregation software. In 2021, CloudWalk reaffirmed its commitment to innovation by launching the Payment Link, an e-commerce solution that assists merchants with online transactions; the digital wallet, which establishes a connection network between retailers and buyers; the Brazilian Digital Real, a stable currency; the free online store platform for all the chain's retailers; in addition to cashbacks on virtual purchases for end consumers.

CloudWalk's next-generation platform integrates artificial intelligence, blockchain and cloud technology to increase efficiency, security and scalability in payment processing. This generates savings that translate into CloudWalk's ability to offer the best merchant discount rates and early rates among its partners for both regular credit card transactions and installment-based payment plans. Over the past 24 months, CloudWalk has generated exceptional growth of over 5,000% and processed more than $2.4 billion in transactions annually.

Funds raised in Series C will be used to further accelerate CloudWalk's growth by fueling continued innovation across its portfolio, developing new cutting-edge solutions – including improvements to leverage blockchain usage in products – and hiring the best talent in global technology. CloudWalk also intends to use this capital to drive its international expansion, with the aim of starting operations in the US and European markets in the next two years.

“With this additional capital, we will be well positioned to continue to create products that make our customers' lives easier,” said Luis Silva, founder and CEO of CloudWalk.

“As the global payments market rapidly evolves, we believe the blockchain will soon become the dominant source for all future payment processes. This investment represents confidence in our ability to meet the unique and evolving needs of customers with our current portfolio. At the same time, it offers the flexibility to further drive growth by deploying capital to hire exceptional talent, fund product innovation and invest in research and development. We are excited to continue to expand our next-generation payments platform, which will continue to generate low fees for merchants and provide worldwide service.”

For Michael Gilroy, Coatue Partner, “CloudWalk is one of the most exciting companies in Latin America due to its impressive growth and its deep commitment to the constant innovation of digital payment solutions. We are extremely proud to once again partner with Luis and his team to help CloudWalk maintain its strong presence in Brazil and pursue international expansion opportunities.”

“FT Partners is proud to represent Luis and the CloudWalk team in this transaction,” said Steve McLaughlin, CEO and Founder of FT Partners. "We are witnessing the creation and rise to prominence of the future of the payments industry in Latin America and CloudWalk is leading the way in creating one of the largest payments companies in the world."

CloudWalk's Series C announcement follows the Series B funding round held in May 2021, which raised $190 million and was led by Coatue with DST Global, FIS, The Hive Brazil and Valor Capital.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

CloudWalk, a payment technology network based in São Paulo, announced a contribution of US$ 150 million, in a Series C round led by the Coatue fund and with participation from DST Global, A-Star, The Hive Brazil, Plug and Play Ventures , Valor Capital Group, as well as angel investor Gokul Rajaram and football players Larry Fitzgerald and Kelvin Beachum.

Financial Technology Partners (FT Partners) acted as CloudWalk's exclusive strategic and financial advisor in this transaction. With this financing, the company raises its total capital to US$365 million and implies a valuation of US$2.15 billion.

Present in 150 thousand stores in 4.3 thousand Brazilian cities, Cloudwalk works to create the best payment network in the world, democratizing the industry and empowering merchants and entrepreneurs through inclusive and transformative technological solutions. In 2019, the company launched InfinitePay, its main payment processing platform, and acquired Confere, a cash flow reconciliation and financial data aggregation software. In 2021, CloudWalk reaffirmed its commitment to innovation by launching the Payment Link, an e-commerce solution that assists merchants with online transactions; the digital wallet, which establishes a connection network between retailers and buyers; the Brazilian Digital Real, a stable currency; the free online store platform for all the chain's retailers; in addition to cashbacks on virtual purchases for end consumers.

CloudWalk's next-generation platform integrates artificial intelligence, blockchain and cloud technology to increase efficiency, security and scalability in payment processing. This generates savings that translate into CloudWalk's ability to offer the best merchant discount rates and early rates among its partners for both regular credit card transactions and installment-based payment plans. Over the past 24 months, CloudWalk has generated exceptional growth of over 5,000% and processed more than $2.4 billion in transactions annually.

Funds raised in Series C will be used to further accelerate CloudWalk's growth by fueling continued innovation across its portfolio, developing new cutting-edge solutions – including improvements to leverage blockchain usage in products – and hiring the best talent in global technology. CloudWalk also intends to use this capital to drive its international expansion, with the aim of starting operations in the US and European markets in the next two years.

“With this additional capital, we will be well positioned to continue to create products that make our customers' lives easier,” said Luis Silva, founder and CEO of CloudWalk.

“As the global payments market rapidly evolves, we believe the blockchain will soon become the dominant source for all future payment processes. This investment represents confidence in our ability to meet the unique and evolving needs of customers with our current portfolio. At the same time, it offers the flexibility to further drive growth by deploying capital to hire exceptional talent, fund product innovation and invest in research and development. We are excited to continue to expand our next-generation payments platform, which will continue to generate low fees for merchants and provide worldwide service.”

For Michael Gilroy, Coatue Partner, “CloudWalk is one of the most exciting companies in Latin America due to its impressive growth and its deep commitment to the constant innovation of digital payment solutions. We are extremely proud to once again partner with Luis and his team to help CloudWalk maintain its strong presence in Brazil and pursue international expansion opportunities.”

“FT Partners is proud to represent Luis and the CloudWalk team in this transaction,” said Steve McLaughlin, CEO and Founder of FT Partners. "We are witnessing the creation and rise to prominence of the future of the payments industry in Latin America and CloudWalk is leading the way in creating one of the largest payments companies in the world."

CloudWalk's Series C announcement follows the Series B funding round held in May 2021, which raised $190 million and was led by Coatue with DST Global, FIS, The Hive Brazil and Valor Capital.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

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