Fintech and payments company Fiserv has signed a definitive agreement to buy Brazilian fintech firm Money Money Servicos Financeiros.
This acquisition is expected to extend Fiserv’s offerings in the Brazilian market, supporting small and medium-sized businesses (SMBs).
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The acquisition is contingent on standard closing conditions including regulatory clearances, with completion anticipated in the second quarter of 2025.
Money Money has developed a specialised financing engine that interfaces with the receivables registry system overseen by the Brazil Central Bank.
This technology enables the provision of working capital and other financial solutions to SMBs, based on a detailed analysis of each business.
The acquisition is intended to support Clover’s strategy, which is aimed at aiding the growth of Brazilian businesses by addressing their payment processing, business management, and cash flow challenges.
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By GlobalData“Clover Capital fuelled by Money Money will be integrated with the Clover platform,” Fiserv said in a statement.
This will involve leveraging risk analysis technology alongside predictive analytics of client business performance to tailor financial offerings with “competitive” terms.
The service will offer advances to businesses, with repayment plans secured against future sales receivables.
Launched in Brazil in December, Clover delivers a payment solution, cash flow support, and a suite of native applications.
It also provides a marketplace featuring tools and systems from Fiserv’s network of independent software vendors (ISVs).
Fiserv Brazil general manager Jorge Valdivia said: “By adding this service to our portfolio, we take an important step to boost the growth of our acquiring clients, facilitating their access to the necessary resources to invest in improvements and processes. Our continued investment in the Brazilian market demonstrates our commitment to advance our clients’ business objectives by expanding our local capabilities.”
Earlier in the month, Fiserv acquired Pinch Payments, an Australian payment facilitator that operates the PayFac enablement platform “Glassbox” and serves a merchant base in Australia and New Zealand.
