EBANX acquirers B2B fintech Juno in Brazil

Thursday 28 October 2021 10:34 CET | News

Brazil-based fintech EBANX has finalised the acquisition of payments company Juno, expanding its customers base.

The completion of Juno's acquisition by EBANX follows a USD 430 million Series C investment that EBANX received from Advent International in June 2021 , as well as the acquisition of shares in the Brazilian Banco Topázio , which is helping to optimise the company's foreign-exchange operations.

Founded in 2014, Juno's platform allows Brazilian merchants to sell online through Pix, boleto bancário and credit cards, in addition to managing their payments flow in their own digital accounts. Besides enabling payments with Pix, Juno offers BaaS (Banking as a Service) capabilities and is a member of the Brazilian Interbank Payments Chamber (CIP), which acts as a clearinghouse that validates user data for security purposes and identity check.

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Keywords: acquisition, funding, fintech, merchants, BaaS, digital banking
Categories: Banking & Fintech | Payments General
Countries: Brazil
This article is part of category

Banking & Fintech