Barte Raises US$3m For SME B2B Payments Platform
(7 March 2023 – Brazil) Business-to-business (B2B) payments platform provider Barte has raised US$3 million to help support Latin American SMEs working capital management needs.
South American SMEs commonly lack access to adequate working capital while banks struggle with outdated payments infrastructure. Barte is attempting to solve this problem through a proprietary B2B payments platform, streamlining processes and providing access to working capital financing.
São Paulo-based Barte’s payments platform promises to centralise SME transactions, simplifying complex payment processes and unlocking growth. After a year in the market, it has built up a customer base exceeding 2000 companies, projects growing more than ten times in 2023 and has now raised over US$4 million in capital.
”Latin America is experiencing a great window of opportunity in payments. Regulatory advances and open finance are just the tip of the iceberg. However, B2B companies with more complex processes than the standard self-service purchasing journey risk being left behind. At Barte, we’re ensuring that this doesn’t happen,” said Barte Co-Founder, Raphael Dyxklay.
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