Truepay Raises $32 Million In One Of The Largest-Ever Series A Rounds In Brazil

TruePay, a startup whose innovative payment solution helps small and medium sized retailers have free and secure access to credit, has raised US$32 million in Series A funding led by Addition. This growth stage investment is one of the largest ever made in Brazil. The funds will be used to improve the solution, increase capacity and expand the team. The startup, which has been growing 100% a month, plans to grow tenfold by the end of 2022