Brazilian payments technology company Barte has secured $8m in a Series A funding round to expand its modular payments solutions.
The financing round was led by AlleyCorp, a US-based venture capital firm founded by serial entrepreneur Kevin Ryan. It also had participation from the company’s current investors including VentureFriends, NXTP, and Force Over Mass Capital.
AlleyCorp general partner and Barte board of directors member Marshall Porter said: “Barte’s wide range of fintech capabilities are already making a huge difference for companies of every size in Brazil.
“We’re excited at the potential to scale those solutions even more by making payments much more efficient from business to business.”
Established in 2022, Barte is engaged in catering to medium and large companies by offering two primary solutions. These include a multichannel payments platform and white-label infrastructure for ecosystems seeking to plug payments capabilities without facing the difficulties of operating them.
The firm’s multichannel payments platform enables businesses to sell via various payment methods including PIX, both online and in physical stores. These can be done while centralising and reconciling transactions automatically.
On the other hand, Barte’s white-label infrastructure allows any company to enhance its customer experience through an embedded payments module along with generating a new revenue stream for them.
The payments technology company was founded by Portuguese entrepreneur Caetano Lacerda and Brazilian Raphael Dyxklay.
Lacerda said: “We’re building a generational company, and more important than the 2025 target is delivering the best product and service to our clients. We’re calm and fully aware of the enormous opportunity ahead.”
Barte claims to have experienced rapid growth, expanding more than 70 times since its seed round, which took place 1.5 years ago. The company aims to close 2025 by tripling revenue along with balancing growth with sustainability.
