Matera builds software that enables banks and licensed payment institutions to send and receive Pix, assign aliases, generate QR codes and perform other functions within Brazil’s Pix instant‑payments ecosystem. The company also offers QR code payment and core banking solutions and has maintained a subscription‑based, volume‑linked pricing model since inception. Pix’s 2020 launch helped fuel Matera’s growth: the company says it grew 4x since Pix and reported 30% higher revenue of $77 million for 2023. Matera processes close to 500 million Pix transactions per month and expects that to reach about 1 billion per month with a recently signed deal. It serves roughly 280 clients, including two of the three top global banks, three of the top 10 U.S. banks and about one‑third of banks in Brazil, and employs about 1,100 people (up from ~900 a year ago). Matera plans to expand into North America focused on digital twin and QR code payment solutions rather than replacing incumbent core banking systems.

Total raised

$100M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2024