With over $4 million raised, Barte is establishing itself as the premium B2B payments platform in Brazil
Summary
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. We consolidated ourselves as the reference for B2B SMEs seeking to optimize payments until they dont need to think about it anymore and its great to relieve an increasing number of customers from what is still a major pain point in LatAm. The round is a vote of confidence from new and previous investors in our execution, and will help us to take the next step as a company and further scale our operations and product says Caetano Lacerda, Co-founder & CEO.Alexander Busse, Partner at NXTP, commented Barte is going after a massive market opportunity to digitize SMB financial workflows and plug the trillion dollar financing gap that currently exists for small businesses in Latin America and Brazil. We are convinced this is just the beginning.Apostolos from VentureFriends added We have been very fortunate to back Caetano and Raphael when Barte was just an idea and we have been impressed by their execution and swift transition to a revenue generating company with an indispensable product for SMEs. Barte was founded 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.The company is expanding rapidly and projects to grow tenfold in 2023.