Pagaleve is a payment institution providing "Pix Parcelado," allowing consumers to split payments made via Pix into installments at partner e-commerce stores. This service offers consumers a way to purchase goods without a credit card, facilitating installment purchases across numerous retail segments. Merchants benefit from an integrated payment solution that offers fast approval times and supports increased conversion rates.
Funding
$6.7M 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 Brazilian consumers lack access to credit cards and the high-interest rates associated with them, limiting their purchasing power. Retailers also face challenges with traditional payment methods, including high transaction costs and potential sales losses due to limited payment options.
Solution
Pagaleve provides a Buy Now Pay Later (BNPL) solution that enables consumers in Brazil to make purchases and pay in installments via Pix, a popular instant payment system, without needing a credit card. This "Pix Parcelado" option allows customers to split payments into multiple installments, increasing their purchasing power and offering a flexible payment solution. Retailers benefit from increased sales, reduced transaction fees, and access to a broader customer base by offering Pix-based installments. Pagaleve's technology integrates with e-commerce platforms and physical stores, providing a seamless payment experience for both consumers and merchants.
Target Audience
Pagaleve primarily targets Brazilian consumers who do not have credit cards or prefer not to use them, as well as retailers seeking to expand their customer base and offer more flexible payment options.
Features
- Enables installment payments via Pix without requiring a credit card
- Offers a mobile app for managing purchases and payments
- Provides a quick payment approval process
- Allows consumers to shop at thousands of partner stores
- Offers a "Pix 4x sem juros" option for interest-free installments
- Sends payment reminders via email, WhatsApp, and SMS
- Provides retailers with APIs for integration into online and physical stores
- Utilizes a risk analysis engine to assess creditworthiness for each transaction