Barte, fintech for payments between companies, receives 16 million BRL investment
Barte, fintech for payments between companies, announced a contribution of R$ 16 million. The initial round was led by NXTP and Force Over Mass fund, which is making its first investment in Brazil, in addition to reinvesting funds already invested in the company.
Currently, the startup offers two products, aimed at small and medium-sized companies: cash flow management and access to credit. Barte automates B2B transactions in addition to a variety of pre- and post-payment processes, whether via Pix, billet or credit card. It is also possible to access loans through the platform, based on payment information.
The financing will be used to expand the business, product and structure of a new credit facility, which will be launched in 2023. The startup is focused on B2B and the most demanding market points whose payment processes are complex and affect growth.
The fintech had already raised 6.5 million BRL, in a pre-seed round, announced 6 months ago, on the occasion of its founding. In this way, the company adds R$ 22 million to the contributions received, six months after its entry into the market. Since the preliminary round, more than 2000 user companies have been acquired, moving more than BRL 20 million through the platform. The expectation is an increase of at least 10 times by the end of 2023.