Fiserv, the US-based payments and financial-technology group, has signed a definitive agreement to purchase Money Money Serviços Financeiros, a São Paulo fintech that finances small and medium-sized businesses (SMBs) through Brazil’s central-bank receivables registry. Terms were not disclosed, and the transaction is expected to close in the second quarter of 2025, subject to regulatory approval.
Brazilian push builds on Clover launch
The acquisition is designed to accelerate the roll-out of Fiserv’s Clover point-of-sale ecosystem in Latin America’s largest economy. By folding Money Money’s lending engine into Clover, Fiserv aims to offer Brazilian merchants an integrated package of payments, business-management tools and working-capital advances, a combination it believes will strengthen merchant loyalty and open new revenue streams.
Fiserv only introduced Clover in Brazil in December, making the country the thirteenth market for its cloud-based platform. Money Money’s technology slots neatly into that launch. The fintech assesses merchants’ historic card-sales data held in the receivables registry and advances cash that is repaid automatically from future takings. Jorge Valdivia, General Manager for Fiserv in Brazil, said the service will “boost the growth of our acquiring clients” by widening access to affordable credit.
The deal comes a day after Fiserv reported first-quarter revenue of $4.79 billion, slightly below analyst expectations, amid softer payments-processing volumes in the United States. While the miss pushed the shares lower, adjusted earnings per share beat forecasts, underscoring the company’s capacity to fund bolt-on acquisitions in strategic regions.
Regulatory hurdles and timeline
Before completion, the transaction must secure clearance from Brazil’s central bank and antitrust authority CADE. Fiserv said it expects no material impact on 2025 earnings, indicating the purchase price is modest relative to its $77 billion market capitalisation. Industry observers note that Brazil’s open-finance reforms have encouraged overseas incumbents to acquire local specialists rather than confront a steep learning curve.
Global players are vying for scale in Brazil’s vibrant SMB segment. PayPal’s iZettle and Adyen have expanded lending programmes, while domestic platforms Mercado Pago and Nubank continue to grow aggressively. By adding receivables-backed finance to Clover’s hardware and software stack, Fiserv hopes to carve out a differentiated niche that shields margins from pure-play acquiring rivals.
Conclusion
Fiserv’s planned purchase of Money Money underscores its commitment to Latin America and its strategy of embedding credit within merchant services. Success will hinge on smooth regulatory approval and the effective integration of Money Money’s analytics into Clover. Supporters argue the move gives Fiserv a head-start in Brazil’s credit-hungry SMB market; sceptics counter that the target is small and that execution risks persist. Either way, the deal illustrates how access to data-driven lending capabilities is becoming a decisive factor in the global payments arms race.
