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CloudWalk, a São Paulo, Brazil-based payment technology network, raised US$190m in Series B funding.
The round, which brings total capital raised to date to US$206m, was led by Coatue, with participation from DST Global and existing investors such as FIS, The Hive Brazil and Valor Capital. As part of this financing round, Michael Gilroy, General Partner at Coatue, joined CloudWalk’s Board of Directors.
The company intends to use the funds to further drive scale and accelerate its domestic presence in Brazil.
Led by Luis Silva, Founder & CEO, CloudWalk is a global payment network providing four products – InfinitePay, Payment Link, Confere, and Digital Wallet – and serving ~70,000 merchants in Brazil across over 3,300 cities and towns, reaching over 4.6 million consumers.
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Operator
Good morning, ladies and gentlemen, and thank you for waiting. Welcome to Linx s conference call to discuss the results of the fourth quarter of 2020. With us today is Mr. Alberto Menache, CEO; Ramatis Rodrigues, CFO and IRO; and Carolina Pontes, head of investor relations.
We would like to inform you that this event is being recorded and simultaneously translated into English. [Operator instructions] This event is also being broadcast live via webcast and may be accessed through Linx s website at ir.linx.com.br, where the presentation is also available for download. Participants may view the slides in any order they wish. The replay will be available shortly after the event is concluded.
Linx S A (LINX) Q4 2020 Earnings Call Transcript msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.