Brazil's payments firm Conductor raises $20 million additional round from Temasek

Singapore-based funjoins other investors in the recent round led by Viking Global, expanding latest fundraising to $170 million

Photo: Conductor/Facebook
  • The recent funding will enable Conductor to accelerate product development and international growth;
  • Temasek joins Conductor’s original institutional investors, Riverwood Capital and Visa.

The Brazilian payments and software company Conductor announced on Wednesday it has raised an additional $20 million round 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.

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Antonio Soares, CEO of Conductor, said in a press statement that this round enables the startup to “continue moving firmly and aggressively towards our vision of delivering the future of digital commerce enablement and democratizing digital payments.”

Antonio Soares, CEO of Conductor. Photo: Courtesy

The recent funding will enable Conductor to accelerate product development and international growth, and further cement its leading position in modern payment infrastructure technology, the company said.

According to Conductor, the new round 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.

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

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