Matera provides instant payment solutions, QR code payment systems, and core banking technology for financial institutions, enabling real-time transaction authorizations and balance updates. The platform supports over 300 million instant payments monthly and facilitates QR code generation for seamless mobile transactions, enhancing operational efficiency for banks and credit unions globally.
Funding
$100M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many financial institutions struggle with outdated core banking systems that cannot handle the demands of real-time transactions and modern digital payment methods. These legacy systems often lack the flexibility and scalability required to support instant payments, QR code transactions, and seamless mobile wallet integrations. This limits their ability to offer innovative digital experiences and compete effectively in the rapidly evolving payments landscape.
Solution
Matera provides a suite of modern payment solutions, including a digital twin ledger, QR code payment systems, and Pix enablement, designed to empower financial institutions with real-time transaction processing and innovative digital capabilities. The platform's digital twin technology allows for 24/7 real-time transaction authorizations and balance updates, sitting on top of existing core systems. Matera also enables billers and merchants to present QR codes for mobile payments and empowers consumers to generate QR codes from mobile apps. Furthermore, Matera offers connectivity and management of Pix, Brazil's instant payment system, and provides Wallet as a Service to power payment functionality within mobile wallets.
Target Audience
Matera's primary customers are financial institutions, including banks and credit unions, seeking to modernize their payment infrastructure and offer innovative digital payment solutions to their customers.
Features
- Digital Twin: Light ledger enabling real-time transaction authorizations and balance updates.
- QR Code Solutions: Enables QR code presentation for payments and QR code generation from mobile apps.
- Pix Enablement: Connectivity and management of the Pix instant payment system.
- Wallet as a Service: Powers payment functionality for mobile wallets.
- Event-driven microservices architecture.
- Kubernetes infrastructure with top cloud services.