Mercado de Recebíveis
Mercado de Recebíveis is a company.
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Financial History
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Leadership Team
Key people at Mercado de Recebíveis.
Mercado de Recebíveis is a company.
Key people at Mercado de Recebíveis.
Mercado de Recebíveis is a Brazilian fintech founded in 2023 that provides financial solutions for small businesses by enabling on-demand anticipation of credit card receivables at competitive rates, transforming future payments into immediate purchasing power via a mobile app.[1][3] It serves entrepreneurs and merchants reliant on payment processors (maquininhas), solving high fees, delays, and bureaucracy in traditional anticipation services through instant approvals, PIX transfers, and integrations with major card networks like Visa, Mastercard, Elo, and Amex.[1][3][5] The company recently launched a credit card in partnership with Visa, reached breakeven in May 2024, processed over $190 million in 2024, and hit a $56 million valuation after a funding round led by Headline, with plans to scale to nearly BRL 1 billion ($183 million) in volume by end-2025 and BRL 10 billion in 2026.[1][2]
Mercado de Recebíveis was founded in 2023 by Henrique Echenique, who serves as CEO, amid Brazil's fragmented receivables market where merchants face exploitative rates and slow access to funds from card receivables.[1][2][3] The idea emerged to empower small businesses with a seamless app-based platform for anticipation, bypassing cumbersome bank processes—users simply integrate their payment terminals, request advances, get instant analysis, and receive funds via PIX.[3] Early traction came quickly: an initial round led by Urca Angels in June (with participation from Inês Corrêa de Souza and Marcelo Bella) fueled product development and team growth, followed by breakeven in May 2024 and a $28 million FIDC fund to scale collateralized credit products.[1][4][6] A second Headline-led round in 2025 boosted valuation to $56 million (BRL 300 million), providing runway for expansion.[1][2][4]
Mercado de Recebíveis rides Brazil's fintech boom in receivables financing, targeting the massive duplicatas market (a BRL trillions instrument) and underserved SMBs squeezed by high card processing fees amid economic recovery.[1][2] Timing aligns with Central Bank regulatory changes enabling book-entry duplicatas, unlocking efficiency, plus rising digital payments post-Pix explosion.[2][3] It influences the ecosystem by democratizing capital access—processing volumes signal scalable alternatives to banks, fostering SMB resilience and fueling LatAm fintech consolidation as investors like Headline bet on data-driven models.[1][4] This positions it against incumbents, amplifying open finance trends.
Mercado de Recebíveis is primed for hypergrowth, targeting BRL 10 billion in volume by 2026 via credit card ramp-up, duplicatas entry, and team/platform investments from its latest round—expect regional expansion and potential FIDC scaling.[1][2] Trends like regulatory tailwinds, AI-driven credit scoring, and Pix ubiquity will accelerate adoption, evolving its role from niche anticipator to full-spectrum SMB financier. As valuation climbs from early rounds, it could redefine receivables as "purchasing power," humanizing finance for Brazil's entrepreneurs much like its app simplifies their daily grind.[3]
Key people at Mercado de Recebíveis.
