The investment is part of Conductor's initiatives to expand its product and service offering across the entire payment method chain in Brazil and also accelerate its international expansion.
With more than 200 active direct customers, Conductor has consolidated itself in recent years as the main provider of payment infrastructure for issuers in the Brazilian market, processing through its open and flexible platform the transactions of more than 29 million active accounts, in addition to provide the complete infrastructure for the creation of digital accounts by fintechs, marketplaces, retailers and companies from numerous market segments.
Processing more than 1 billion transactions per year, with an estimated turnover of R $ 100 billion, Conductor has had an average annual revenue growth of 44% since 2012, with an estimate of reaching close to R $ 400 million in 2020. All this work is done about 750 employees, 75% of them in the technology and product areas.
Conductor acquires Muxi with the aim of adding to its portfolio the technology present in more than 2.5 million payment devices in Latin America - serving global companies, new entrants and leading accreditors in the region.
“In addition to expanding our operations to also address the needs of accreditors and sub- accreditors as an end-to-end provider of software and payment infrastructure, just as we have been supporting issuers for so many years, it is wonderful to receive as many talented and passionate professionals as the people, who share with us the vocation and the will to create, every day, ways to boost exchanges, simplify transactions and move society ” , says Antonio Soares, CEO of Conductor.
“We are very proud of what we built at Muxi, where we developed a robust and scalable platform that currently serves the main accreditors in Latin America, huge and very demanding players , who demand global quality solutions and have used our platform for many years, which attests to the quality of what we create. The sale was the end of a cycle for us as shareholders and we are very happy because we are sure that Conductor was the ideal choice. Both companies do not have any overlap in their activities, only synergies, and that is why the company has a lot to grow now with Conductor ”, says Alexandre Pi, founder of Muxi, who will now dedicate himself to IDid, an innovative and disruptive security platform, exclusive for means of payment, of which he is founder, investor and Chairman of the Board. In addition to Alexandre Pi, Muxi had as investors Confrapar and Acrux Capital.
In May of this year, in addition to processing electronic payment methods for issuers, Conductor also started offering a transaction processing solution for accreditors and now complements its offer for this segment with Muxi solutions, aimed at capturing transactions at the tip.
In the following month, they started their internationalization from Latin America, signing a contract with three customers in the region. Now, they have Muxi's already consolidated presence in the markets of Argentina, Mexico and Peru as a great lever for this process. They are in the process of accelerating and ready to conquer a larger share of the market, making them even more competitive within the financial ecosystem, through robust, agnostic, open and multi-territory technological platforms.
The investment is part of Conductor's initiatives to expand its product and service offering across the entire payment method chain in Brazil and also accelerate its international expansion.
With more than 200 active direct customers, Conductor has consolidated itself in recent years as the main provider of payment infrastructure for issuers in the Brazilian market, processing through its open and flexible platform the transactions of more than 29 million active accounts, in addition to provide the complete infrastructure for the creation of digital accounts by fintechs, marketplaces, retailers and companies from numerous market segments.
Processing more than 1 billion transactions per year, with an estimated turnover of R $ 100 billion, Conductor has had an average annual revenue growth of 44% since 2012, with an estimate of reaching close to R $ 400 million in 2020. All this work is done about 750 employees, 75% of them in the technology and product areas.
Conductor acquires Muxi with the aim of adding to its portfolio the technology present in more than 2.5 million payment devices in Latin America - serving global companies, new entrants and leading accreditors in the region.
“In addition to expanding our operations to also address the needs of accreditors and sub- accreditors as an end-to-end provider of software and payment infrastructure, just as we have been supporting issuers for so many years, it is wonderful to receive as many talented and passionate professionals as the people, who share with us the vocation and the will to create, every day, ways to boost exchanges, simplify transactions and move society ” , says Antonio Soares, CEO of Conductor.
“We are very proud of what we built at Muxi, where we developed a robust and scalable platform that currently serves the main accreditors in Latin America, huge and very demanding players , who demand global quality solutions and have used our platform for many years, which attests to the quality of what we create. The sale was the end of a cycle for us as shareholders and we are very happy because we are sure that Conductor was the ideal choice. Both companies do not have any overlap in their activities, only synergies, and that is why the company has a lot to grow now with Conductor ”, says Alexandre Pi, founder of Muxi, who will now dedicate himself to IDid, an innovative and disruptive security platform, exclusive for means of payment, of which he is founder, investor and Chairman of the Board. In addition to Alexandre Pi, Muxi had as investors Confrapar and Acrux Capital.
In May of this year, in addition to processing electronic payment methods for issuers, Conductor also started offering a transaction processing solution for accreditors and now complements its offer for this segment with Muxi solutions, aimed at capturing transactions at the tip.
In the following month, they started their internationalization from Latin America, signing a contract with three customers in the region. Now, they have Muxi's already consolidated presence in the markets of Argentina, Mexico and Peru as a great lever for this process. They are in the process of accelerating and ready to conquer a larger share of the market, making them even more competitive within the financial ecosystem, through robust, agnostic, open and multi-territory technological platforms.
