Get in the Ring Brazil Winner Aarin acquired by Next, a New-Age Brazilian Banking Platform
On March 7, Aarin’s CEO Ticiana Amorim, announced that Bradesco’s digital bank, Techfin, will be the majority shareholder of the company. Specializing in Pix (Brazil’s payment service) and open banking, Aarin was founded to support Brazilian FinTech companies to provide financial services, without them needing to become a bank, via their innovative “invisible banking” concept.
Aarin was founded in 2020 by Ticiana Amorim and Victor Tavares. They developed a platform based on Pix, which was launched in November 2021. Aarin received a pre-seed investment of BRL 2 million (around €360,00) from RB3 Participações, Cubos Venture Studio and private investors from Brazil, US and Spain.
They also capped off 2021 with a total transaction volume (TVP) TVP of more than BRL 300 million (around €54 million) and 1 million transactions via Pix.
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The acquisition of Aarin brought opportunities for both sides, as they are open to new customers and creating new revenue streams. This also enables Next to explore new customer profiles; companies and individual microentrepreneurs (MEIs).
Congratulations to Aarin, their founders and team. We are proud to have you in the Get in the Ring network!