Brazilian cross-border payments firm Ebanx acquires B2B fintech Juno
Cross-border commerce platform Ebanx has acquired payments fintech Juno for an undisclosed sum.
Brazil’s Juno provides billing, payments and banking solutions, including its digital account Conta Juno, for more than 35,000 small and medium-sized enterprises (SMEs) across the South American country.
Ebanx CEO and co-founder João Del Valle says the acquisition of Juno will provide Brazilian companies and consumers broader access to the “very best payment solutions”.
Founded in 2012, Ebanx provides payment solutions for major companies aiming to attract Latin American customers.
The acquisition of Juno follows a $430 million Series C investment that Ebanx received from Advent International in June, as well as the acquisition of shares in the Brazilian Banco Topázio to build out the company’s FX operations.
At the time, the Brazilian firm also revealed an additional commitment of $30 million to the company’s planned IPO in the US.
Founded in 2014, Juno’s platform allows Brazilian merchants to sell online and manage their payments flow in their own digital accounts.
Juno also offers BaaS capabilities and is a member of the Brazilian Interbank Payments Chamber, a clearinghouse that validates user data for security purposes and identity checks.