Matera has acquired a controlling stake in Cinnecta
Matera has acquired a controlling stake in Cinnecta from private shareholders, KPTL and Wayra VC funds and angel investors.
With over 30 years of experience, Matera is leading banking software company with world-class instant payments and core banking solutions. Matera’s core banking and Pix instant payments solutions are used by two out of the top three global banks, three of the top ten US banks and one third of all banks in Brazil. Over 300 million Pix instant payments are processed per month using Matera’s solution and 60 million of those are initiated by QR codes. Matera is also known for collaborating to launch innovative fintech applications that generate new revenue streams for its clients. With operations in both Brazil and the US, Matera has nearly 1,000 employees worldwide.
Founded in 2013 and headquartered in Belo Horizonte, Brazil, Cinnecta is an AI-powered data intelligence SaaS firm specialized in understanding customer behavior to identify opportunities for businesses to increase their lifetime value. Its platform transforms the way businesses assess customers’ possibilities to expand profitability and loyalty: campaign recommendations, next best offer (NBO), credit analysis, upsell, cross-sell and churn prediction.
One of Oaklins’ teams in Brazil acted as the exclusive buy-side advisor in this transaction.
Talk to the deal team
Related deals
PBV Investment Holding Europe-America, S.L. (IDP Group) has been sold to Bureau Veritas
Nazca Capital and the company founders have sold PBV Investment Holding Europe-America, S.L. (IDP Group) to Bureau Veritas. This strategic acquisition will allow Bureau Veritas to expand its leadership in building and infrastructure solutions and meet sustainability challenges through IDP’s digital portfolio assets.
Learn moreHD Clinical Ltd. has been acquired by NEXUS AG
NEXUS AG has acquired HD Clinical Ltd. Through this acquisition, NEXUS has gained a recognized and internationally active team of experts in structured diagnostic reporting and image processing. This will provide new regional access, strengthening its strong European market position in software, particularly for internal medicine.
Learn moreAtech Support Limited has been acquired by iomart Group plc
Pelican Capital’s Atech Support Limited has been acquired by iomart Group plc. This acquisition will enable iomart to provide customers with a broader range of top-tier cloud technology and security services and solutions.
Learn more