Fiserv has announced an agreement to acquire Money Money, a Brazilian fintech specializing in providing working capital solutions to small and medium-sized businesses. The financial terms of the deal have not been made public.
Money Money operates a specialized financing engine that interfaces with the receivables registry regulated by the Central Bank of Brazil, enabling it to deliver working capital and various financial products to SMBs.
This acquisition follows Fiserv’s recent launch of its Clover Point of Sale technology in Brazil. The Clover Capital solution, powered by Money Money, will be integrated into the Clover platform, blending advanced risk analysis with predictive analytics to create tailored offerings for clients.
Jorge Valdivia, General Manager of Fiserv in Brazil, stated, “Incorporating this service into our portfolio represents a significant advancement in supporting the growth of our acquiring clients by facilitating their access to essential resources for improvements and operational enhancements.”