RIO DE JANEIRO, BRAZIL - The startup enters the market with an eye on the Central Bank's changes to the payment arrangement and management of credit card receivables.
Founded three months ago, fintech Marvin secured investment from Mauá Capital, which valued it at R$65 (about US$12) million. The high valuation for a recently created company is based on the management company's assessment, led by the former director of the Central Bank Luiz Fernando Figueiredo, that the market for payment arrangements and anticipation of receivables is about to experience a revolution.
The driver of this change is the . . .