Matera Gets $100 Million to Expand Banking Software Footprint
Summary
The new funding, announced in a news release Wednesday (July 17), will help finance Matera’s continued expansion into North America and fuel product development. “Pix set the standard for the digital finance revolution,” Carlos Netto, co-founder and CEO of Matera, said in the release. We’re honored to leverage our PIX expertise with proven solutions to help financial institutions across North America keep pace with their customers’ digital demands.” Matera announced plans to expand into North America in late 2022 and last year introduced its flagship offering for the region, known as Digital Twin. And Pix’s launch was a force that “lit up” Brazil, Ruben Salazar Genovez, president of cross-border payment enabler TerraPay, said during a recent PYMNTS panel discussion. “The gig economy, content creators, gaming, streaming services like Netflix or marketplaces like Mercado Libre, all of them need efficient payment infrastructure.
Funding
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