LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Temasek Invests US$20m in Brazilian Payments Processor Conductor

December 9, 2020
Temasek Invests in Conductor

Temasek invested US$20m in Conductor, a Brazilian payments processor and card issuance provider for fintechs, bringing the company’s latest round of funding to US$170m after Viking Global Investors led a US$150m round in October 2020.

(Press Release) – Conductor, the leading card issuing and banking-as-a-service software platform in Latin America, announced today it has raised an additional $20 million from Temasek, a global investment company headquartered in Singapore. This new investment adds to Conductor’s latest round of fundraising, increasing it to a total $170 million.

Antonio Soares, CEO of Conductor, remarked, “We are thrilled to have built such a strong and unique investor base. The caliber of the investors that have joined our journey reflects the quality of our business and demonstrates that we are on the right path. We are very happy to be adding Temasek to this select group. This round enables us to continue moving firmly and aggressively towards our vision of delivering the future of digital commerce enablement and democratizing digital payments.”

Conductor has built Latin America’s largest and fastest growing full stack card issuing and acquiring platform. The company powers the leading fintechs, banks, retailers, and enterprises across the region, enabling them to launch and scale innovative digital accounts and card programs. The cloud native and open API solution spans card issuer processing, banking-as-a-service, and other digital banking services. Conductor currently powers over 85 million accounts and processes more than $20 billion in payment volume across Latin America.

The recent funding will enable Conductor to accelerate product development and international growth, and further cement its leading position in modern payment infrastructure technology. This new announcement comes on the heels of a number of milestones, including the continued momentum in the company’s flagship issuer processing business, the acceleration of its banking-as-a-service offering Dock, the acquisition of Muxi, and the launch of Conductor’s international expansion across major markets in Latin America.

Temasek joins Conductor’s original institutional investors, Riverwood Capital and Visa, Inc., alongside the new investor group led by Viking Global Investors and also joined by Advent International’s affiliate, Sunley House Capital.

About Conductor

Conductor is the leading card issuing and banking-as-a-service software platform in Latin America. With its cloud native and open API platform, Conductor powers the leading fintechs, banks, retailers, and enterprises across the region, enabling them to launch and scale innovative digital accounts and card programs. Conductor currently powers over 85 million accounts and processes over $20 billion in payment volume across Latin America. For more information on Conductor, please visit www.conductor.com.br

About Temasek

Temasek is an investment company with a net portfolio value of S$306 billion ($214 billion) as at 31 March 2020. Our three roles as an Investor, Institution and Steward, as defined in our Temasek Charter, shape our ethos to do well, do right and do good. Our investment philosophy is anchored around four key themes: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. Our investment direction in Temasek is shaped by structural trends: longer lifespans, rising affluence and sustainable living drive social progress, enabled by technological solutions for sharing economies, smarter systems and a more connected world. We actively seek sustainable solutions to address present and future challenges, as we capture investment and other opportunities that help to bring about a better, smarter and more sustainable world. For more information on Temasek, please visit www.temasek.com.sg

Temasek Invests US$20m in Brazilian Payments Processor Conductor was last modified: December 22nd, 2020 by cramos
Antonio SoaresBrazilCard IssuanceConductorFintechPayment ProcessorTemasekVenture CapitalViking Global Investors
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • Check out this week's top #startup deals and news on emerging tech in #LatAm from LAVCA's #LatAmVentureBulletin:… https://t.co/NOvUvkCflB

    27-Jan-2023

    Reply Retweet Favorite
  • #VC investment in #LatAm in 2022 reached USD7.5b, according to preliminary LAVCA data. Stay tuned for LAVCA’s yea… https://t.co/kAqAuL8Iq5

    23-Jan-2023

    Reply Retweet Favorite
  • January 20 is the last chance to register for "ESG in Venture and Tech Investing," the latest training in the LAVCA… https://t.co/UrbfcPgM7l

    19-Jan-2023

    Reply Retweet Favorite
  • Submissions for the 2023 LAVCA ESG Deal Awards are closing on January 20, 2023. LAVCA's ninth annual showcase will… https://t.co/AIu4FVKxT6

    11-Jan-2023

    Reply Retweet Favorite
  • Thank you for your continued support and commitment to grow private capital investment in Latin America. We look fo… https://t.co/AHA1txwyJZ

    30-Dec-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top