Colombian Unicorn announces the acquisition of a Brazilian remittance company for $ 229 million

Colombian payment platform EBANX announced on December 15, 2021 that it had acquired Brazilian company Remessa Online for $ 229 millionas announced in a press release to Cointelegraph Español.

With this acquisition, the Fintech EBANX expanded its portfolio and shortened the way to consolidate itself as one of the largest payment transaction companies in Latin America, it succeeds in strengthening cross-border services in the region.

We are joining forces to offer retailers and consumers better service and to consolidate our experience and presence in the region. The digital and financial inclusion we are currently witnessing in Latin America will not decrease, it will continue to advance and play a leading role in accelerating the digital markets and payments ecosystem in the region. commented Joao del Valle, Co-Founder and CEO of EBANX.

The Brazilian company Remessa Online was founded in 2016 and is present in more than 100 countries thanks to the inclusion of blockchain technology in the connection of cross-border payments, which has benefited more than 350 thousand people.

Colombian Unicorn announces the acquisition of a Brazilian remittance company for $ 229 million
Colombian Unicorn announces the acquisition of a Brazilian remittance company for $ 229 million

The agreement reached between the two parties provides that the founders of the company Remessa Online will continue to manage the new EBANX remittances area and thus have a significantly larger number of customers before the takeover.

Although they also announced that the online conversion process will continue with the partnership with Nubank, a partnership they recently formed with one of the largest digital banks in the world.

â ???? Everything that Remesa Online has built up in the first five years is geared towards offering customers who want to operate internationally, both private individuals and companies of all sizes, the best solutions, in a service that is transparent, efficient and real understanding of your needsâ ???? commented Fernando Pavini, founder and CEO of Remesa Online.

With this new acquisition, the medium-term growth ability of EBANX would be strengthened, as they should also open new borders for a long international expansion of the platform.

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