TruePay Raises $32 Million in One of the Largest-Ever Series A Rounds in Brazil
SÃO PAULO, Nov. 24, 2021-- TruePay, a startup that helps small and medium sized retailers have free and secure access to credit, has raised US$32 million in Series A funding led by Addition.
This growth stage investment is one of the largest ever made in Brazil. The funds will be used to improve the solution, increase capacity and expand the team. The startup, which has been growing 100% a month, plans to grow tenfold by the end of 2022.
Founded in December 2020, TruePay has clients throughout Brazil and a merchant base in the thousands.
"We are very happy to have the trust of some of the best investors in the world as well as the super talented people that we were able to bring on board. A raise like this is a symbol of the impact TruePay will make in the market by delivering f...