CloudWalk is fintech unicorn in the payments industry.

CloudWalk, a payments technology network that uses blockchain, announced that it received another contribution this year. Now, from US$ 150 million (about R$ 825 million) in Series C. Thus, the company’s total capital increased to US$ 365 million (R$ 2 billion). Furthermore, as its valuation is $2.15 billion (about R$11.8 billion), it is a unicorn.

Last May, the company announced an investment of US$ 190 million (approximately R$ 1 billion) in Series B. The investors were also Coatue, DST Global, FIS, The Hive Brazil and Valor Capital.

The contribution is a C round, that is, the startup plans to use the money in expansion, including the international one. The company says that among the plans is to develop new solutions. This includes, for example, “improvements to leverage blockchain usage in products”. As well as starting operations in the United States (USA) and Europe in the next two years.

This time, investors took 7% of the company and were led by coat bottom. The group also includes DST Global, A-Star, The Hive Brazil, Plug and Play Ventures and Valor Capital Group – which already invests in other blockchain companies. And also the angel investor Gokul Rajaram, a reference in Silicon Valley (USA) and American football players Larry Fitzgerald and Kelvin Beachum.

According to Luis Silva, founder and CEO of CloudWalk, “soon, blockchain will become the dominant source for all future payment processes.” The company combines this technology with machine learning.

CloudWalk uses blockchain to confirm transactions and reduce cost

In the case of CloudWalk, blockchain serves to confirm operations and helps to reduce costs and time. “We are excited to continue to expand our next-generation payments platform, which offers world-class service.”

I’m 2019, a The company became an acquirer and launched the InfinitePay payment machine, its main processing platform. This year, it launched several solutions, such as the Payment Link for e-commerce and the stable currency (stablecoin) Brazilian Digital Real.

About 150 thousand stores in 4.3 thousand cities across the country use its solution. CloudWalk’s average annual transaction processing is $2.4 billion (about 14 billion).

For Michael Gilroy, partner at Coatue, “CloudWalk is one of the most exciting companies in Latin America due to its impressive growth and its deep commitment to the constant innovation of digital payment solutions”.