Marvin: Brazilian fintech founded in March 2021 valued at US$12 million by investor Mauá
Summary
Marvin, a Brazilian fintech founded in March 2021, secured an investment from Mauá Capital and reached a valuation of about US$12 million. The company is targeting changes in Brazil’s Central Bank rules for credit card receivables and payment arrangements. It plans to simplify receivables ownership transfers between large companies and small retailers so suppliers can extend payment terms. Marvin is already testing the operation with its first five client industries and expects the new regulation to unlock a significant market opportunity.
Funding
Amount
-
Total raised
Date
May 18, 2021
Announcement date
Investors
Marvin, Cielo
Lead investors
Company
https://marvin.com.br
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
Labels
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