Conductor, a Brazil-based card issuing and banking-as-a-service software platform, has raised USD 150 million in funding.
The announcement follows several milestones, including the acquisition of Muxi. The company intends to use the funds to continue to expand operations and its business reach in Brazil and across Latin America and to accelerate product development.
Conductor provides a card issuing and acquiring platform which supports fintechs, banks, retailers, and enterprises across the region, assisting them to launch digital accounts and card programs. The cloud native and open API solution spans card issuer processing, banking-as-a-service, and other digital banking services.
Conductor currently powers over 85 million accounts and processes more than USD 20 billion in payment volume across Latin America.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.