Banco Mercantil increases equity stake in PrecPago

PrecPago Banco Mercantil judicial assets equity expansion Brazil fintech

Banco Mercantil is increasing its equity stake in PrecPago, a Brazilian company specializing in the anticipation of judicial assets. This expansion comes less than a year after the two entities first formalized their partnership.

Since the beginning of their collaboration, the companies have processed a transaction volume exceeding R$ 300 million. While the specific financial terms of the current transaction have not been disclosed, PrecPago previously held a valuation in the tens of millions of reais during its initial operations.

Bruno Xavier, CEO of PrecPago, stated that the new equity stage reinforces the business's growth potential and institutional security, providing the necessary backing to execute larger, long-term projects and accelerate market presence.

Entities

Banco Mercantil · Bruno Xavier · PrecPago

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The partnership between the two companies has moved over R$ 300 million in volume. www.direitonews.com.br · portal.comunique-se.com.br
[● 3 SOURCES] The current transaction values have not been publicly disclosed. www.direitonews.com.br · portal.comunique-se.com.br
[● 3 SOURCES] PrecPago's valuation was in the tens of millions of reais at the time of the first operation. www.direitonews.com.br · portal.comunique-se.com.br
[● 3 SOURCES] Banco Mercantil is increasing its equity stake in PrecPago. www.direitonews.com.br · portal.comunique-se.com.br