Business

Méliuz acquires fintech Acesso for BRL 324.5 million to expand the offer of financial services

The acquisition will increase the engagement of the 16.4 million registered users base and the cross-sell with other brand products

Méliuz acquires fintech Acesso
Israel Salmen, CEO at Méliuz. Photo: Jonas Fonseca
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  • Acesso is a payment institution authorized by the Brazilian Central Bank and operates in the payment and BaaS segment;
  • Acesso handled BRL 1.3 billion in TPV (total payment volume) in March 2021; in 2020, its gross revenue was BRL 53.6 million;
  • With the acquisition, Méliuz advances in its strategy of expanding its financial services ecosystem.

Brazilian Méliuz, a technology company that offers digital solutions through an integrated marketplace and financial services platform, announced on Monday the acquisition of fintech Acesso for BRL 324.5 million. As disclosed by the company in a statement to investors, Méliuz advances in its strategy of expanding its financial services ecosystem, enabling the development of solutions related to digital accounts and payments, among others.

Méliuz is betting that the acquisition will increase the engagement of its 16.4 million registered users base, facilitating the launch of new financial products such as investments and insurance. In addition to increasing cross-selling with the products and services that are already in its portfolio, such as credit card, marketplace and Méliuz Nota Fiscal.

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Fintech Acesso is a payment institution authorized by the Brazilian Central Bank and operates in the payment and banking as a service (BaaS) segment through the brands Acesso, Acesso Bank, Bankly and Banco Acesso.

With a team of 178 people, Acesso handled BRL 1.3 billion in TPV (total payment volume) in March 2021; in 2020, its gross revenue was BRL 53.6 million.

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The acquisition will be made through the issuance of Méliuz’s new shares to the shareholders of Acesso. “Through this, Acessopar will become a Méliuz wholly-owned subsidiary and the shareholders of Acessopar will become long-term shareholders of Méliuz. The current Acesso executives will remain in their positions to continue the project,” says the statement.

The purchase is subject to approval by the Central Bank and is expected to be completed by the beginning of 2022.

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