Brazilian fintech Barte raised $3M in a funding round led by NXTP and Force Over Mass, with participation from current investor Venture Friends.
Barte is a B2B online payments platform optimizing cash flow management for SMEs in LatAm through automation and revenue-based financing.
Founded in 2021 by Caetano Lacerda and Raphael Dyxklay, with the former bringing financial services and deep tech expertise from stints in London at Deutsche Bank and Tractable, and the latter having led product management fronts in successful LatAm cases such as Creditas, Loft, and Olist.
One of the biggest headaches for Latin American SMEs is working capital management, influenced by outdated payments infrastructure and little to no access to capital
Barte is this problem through a B2B payments platform, streamlining processes and providing access to working capital financing.
They initially focused on some of the most affected segments of this market, such as service providers and B2B merchants, creating higher levels of automation while retaining the flexibility needed for B2B purchasing flows.
Following a pre-seed announced six months ago, the company has now raised a seed round led by NXTP and Force Over Mass, surpassing the $4 million mark in capital raised so far.
With this investment, Barte will scale operations and grow the business, expanding the product, increasing acquisition channels and payment products, and raising a debt structure for the credit business.
Read more on Tech Gist Africa:
