Brazilian fintech Mercado de Recebíveis has secured a new funding round with investment from Headline, raising the company’s market valuation to BRL300mn ($55.1mn), the firm said in a press release. The size of the investment was not disclosed.
In a statement, the fintech said the proceeds will be directed toward expanding its sales and technology teams, improving its platform, and consolidating operations in new regions.
The funds will also support products including its credit card, launched this year with Visa, and potential ventures in invoice-based financial services.
Henrique Echenique, founder and CEO, described the partnership with Headline as strategic.
“Of course, it's here to accelerate the strategy we already have in place, but it's even more important because of the opportunities it brings, and the market opening Headline can provide us in the financial market. Furthermore, it gives us peace of mind for our roadmap, and we don't have to think about funding for a long time,” he said.
Mercado de Recebíveis also counts Urca Angels among its investors, who led an earlier funding round in June.
The company reached breakeven in May and expects to finish 2025 processing just under BRL1bn in total volume, with plans to expand to BRL10bn next year, relying on its credit card and upcoming regulatory changes to book-entry duplicates.
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