CloudWalk , owner of InfinitePay, raised R$ 5.5 billion from institutional investors in a new issuance of shares in its credit rights investment fund (FIDC).
This fundraising is the largest ever in the FIDC (Investment Fund in Credit Rights) market and was part of the second series of the CloudWalk Bela fund. Last year, the same FIDC broke the record for the volume of shares issued by raising R$ 4.2 billion.
Bradesco BBI was the lead coordinator of the offering, which also included the participation of Itaú BBA , BTG Pactual , Safra, UBS BB, and BV banks. The operation began on March 3rd and ended last Friday, April 17th.
As with the previous issuance, the funds will be entirely allocated to the early receipt of credit card receivables for micro and small entrepreneurs who use InfinitePay. The five-year maturity period was also maintained in the issuance of the second series of shares.
“The new funding round reflects the growth in our base of entrepreneurs and reinforces the company's funding strategy,” says Isabela Marin Martins, director of treasury financing at CloudWalk, exclusively to NeoFeed .
According to Marin Martins, the more than R$ 4.2 billion raised last year was already fully allocated. CloudWalk has raised approximately R$ 20 billion since 2021 through 11 FIDCs (Investment Funds in Receivables).
With receivables financing as one of the company's driving forces, InfinitePay is experiencing a period of rapid expansion. By 2025, its customer base will have more than doubled, jumping from 3 million to 6.3 million active entrepreneurs in Brazil.
The numbers have also boosted CloudWalk's balance sheet: last year, revenue grew 104% to R$ 5.44 billion, while net profit rose 90% to R$ 602 million.
In June, CloudWalk obtained a new license from the Central Bank, allowing it to expand its range of credit products. Until then, the company claimed to have granted over R$ 2 billion in credit to more than 400,000 platform clients in two years. However, its most intensive operation is in receivables financing. According to the company, by October, more than 6 million clients had already used the service.
CloudWalk Bela is the company's main FIDC (Investment Fund in Receivables). At the end of March, with fundraising already underway, its net worth was R$ 7.940 billion and it had zero delinquency. More than half of the receivables in the portfolio had maturities of less than 60 days. However, according to the director of CloudWalk, the average maturity of the operations varies depending on the moment.
Given the growth rate of operations, Marin Martins does not rule out new fundraising in the short term and states that he has been constantly assessing market sentiment. "But it's still too early to determine whether or not there is an appetite for new fundraising," he says.
