MagaluPay

MagaluBank is a Brazilian startup that forms part of the strategic pillars of Magalu. The company's ecosystem features cutting-edge payment technologies developed by an exceptional team. Over the years, MagaluBank has experienced exponential growth, cementing its position as one of the prominent players in the industry. The company specializes in digital accounts, receivables management, payment splits, withdrawals, transfers, corporate payments, acquiring, instant payment systems (PIX), credit cards, credit services, and more. With millions of customers nationwide, MagaluBank is committed to continuously innovating and delivering exceptional products. The company's mission is to digitalize businesses, especially Brazilian entrepreneurs, and facilitate financial inclusion through its platforms. MagaluBank operates in the Financial Services, Fintech, and Payments sectors, with its headquarters based in Brazil. Currently, there is no available information regarding the last investment or the investors involved.