EBANX, the Latin America-focused cross-border payments provider, has acquired a Brazilian payments company that enables digital commerce through billing and banking services in the country.
Juno is an acquisition with long-time expertise in Brazilian payments. More than 35,000 small and medium-sized companies in the country reportedly use its billing and payments solutions, including its digital account Conta Juno.
Founded in 2014, the payments fintech enables Brazilian merchants to sell online through Pix, boleto bancário and credit cards, in addition to managing their payments flow in their own digital accounts.
Juno also provides banking-as-a-service capabilities and is a member of the Brazilian Interbank Payments Chamber, which acts as a clearinghouse that validates user data for security purposes and identity checks.
According to EBANX, the solutions developed by Juno have led to a total volume of more than BRL 4.7 billion (US $833.68 million) in 2020, representing growth of more than 130%, and they have positioned it as one of the most important fintechs serving small and medium-sized businesses and larger corporations in Brazil.
EBANX’s completion of the acquisition follows its US$430 million series C investment from Advent International in June, as well as the acquisition of shares in the Brazilian Banco Topázio, which is helping to optimise the cross-border payments provider’s foreign exchange operations.
Commenting on the acquisition, João Del Valle, chief executive officer and co-founder of EBANX, says: “Juno is a trusted partner that has an outstanding history in the payments industry, offering innovative services and helping thousands of Brazilian companies and entrepreneurs to sell online. We are honoured to have them onboard, to provide Brazilian companies and consumers with broadened access to the very best payment solutions.”
Juno’s product director, André Carréra, adds: “This is an exciting moment in the history of Juno. EBANX’s trust in our work proves the value of our solutions and gives us the opportunity to grow our services and portfolio. We are very happy to be part of EBANX’s big dream and what we can achieve together from now on.”