Thursday, February 25, 2021

Locaweb buys two more startups and has spent almost R $ 400 million since the IPO

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After raising more than 2 billion reais in a new offering of shares, the Locaweb returned to the market. The Brazilian technology company disbursed more than R $ 53 million and acquired control of two other startups. The most recent move involved the purchase of Credisfera, fintech that works with credit solutions, and Docca, which manages a virtual store platform.

The acquisitions reinforce the thesis that Locaweb wants to become a true digital conglomerate specialized in solutions for internet companies. While Credisfera must help the company to create a focused plan to offer credit solutions for small and medium entrepreneurs, Docca will be necessary to assist in the command of e-commerce developed for customers.

According to what was officially announced, the acquisition of Credisfera is worth 26.6 million reais, the closing price for the purchase of all fintech shares. The company was founded in 2015 in São Paulo by Wanderley Schmidt Campos, Eduardo Peixoto Ferreira Leite, Carlos Eduardo Carneiro Pinto de Magalhães and José Filipe Neis.

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Locaweb buys two more startups and has spent almost R $ 400 million since the IPO