Matera's Rise in Brazil: A Fintech Success Story

Matera, a Brazilian fintech company, has achieved remarkable growth fueled by the success of Pix, Brazil's instant payment system. Pix, launched in 2020, has become a ubiquitous payment method in Brazil, with an estimated 75% of the population and 15 million companies using it. Matera, a key player in the Pix ecosystem, provides software to financial institutions enabling them to send and receive Pix payments, generate QR codes, and perform other functions within the Pix environment.

• Matera has witnessed a four-fold increase in its business since Pix's launch, reporting a 30% revenue increase in 2023, reaching $77 million.
• The company's rapid growth is attributed to its strong presence in the Brazilian market, where it serves over 280 clients, including two of the top three global banks, three of the top 10 US banks, and one-third of all banks in Brazil.

Matera's US Expansion: Embracing Digital Twin and QR Code Solutions

Matera, seeking to capitalize on its Brazilian success, is now expanding to North America. While it's not offering its core banking solution in the US, Matera is focusing on its digital twin and QR code payment solutions.

Matera aims to bring the efficiency and convenience of Brazil's instant payment system to the US market. Matera believes its solutions can help US financial institutions streamline their operations, reduce complexity, and ultimately catch up to Brazil in terms of instant payment adoption.

Warburg Pincus Invests $100 Million in Matera

Matera recently secured a $100 million investment from Warburg Pincus, a global private equity firm. This investment signifies Warburg Pincus's confidence in Matera's potential and its belief in the future of instant payments in the US market.

• Warburg Pincus's investment will help Matera expand its reach in the US and further develop its digital twin and QR code payment solutions.
• This partnership provides Matera with access to Warburg Pincus's expertise and network, allowing it to navigate the US market effectively.

Brazil's Fintech Landscape: A Pioneer in Instant Payments

Brazil has emerged as a leader in the global fintech landscape, particularly in the area of instant payments. The Pix system has significantly transformed how Brazilians manage their finances, offering convenience, speed, and accessibility. Matera has been at the forefront of this revolution, providing the technology that powers Pix transactions.

• Matera processes close to 500 million Pix transactions per month, and with a recent deal, this number is expected to reach 1 billion per month.
• The success of Pix has not only benefited Matera but also led to the growth of other fintech companies in Brazil.

The US and FedNow: A Slower Pace of Adoption

While Brazil's Pix has seen rapid adoption, the US's FedNow system, launched in July 2023, has experienced a slower pace of adoption.

Matera believes its expertise in instant payments, gained through its success in Brazil, can help the US market accelerate its adoption of instant payments. Matera's digital twin and QR code solutions can provide US financial institutions with a competitive edge, enabling them to offer innovative and efficient payment experiences to their customers.

Matera's Future: A Vision for a Seamless Payment Ecosystem

Matera's ambition is to create a seamless and efficient payment ecosystem across the globe. By providing its digital twin and QR code payment solutions, Matera aims to simplify and enhance the way financial institutions operate, bringing the benefits of instant payments to both consumers and businesses.

Matera's success in Brazil demonstrates the potential of instant payments to transform financial services. With its expansion to the US market and its continued focus on innovation, Matera is poised to become a global leader in the fintech space, driving the adoption of instant payments worldwide.