# Bee Tech Serviços de Tecnologia Ltda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bee-tech-servicos-de-tecnologia-ltda

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.remessaonline.com.br
- Total disclosed funding: $25M
- Latest round: Series B (Jun 15, 2020)
- Investors on record: 5

## About

Bee Tech Serviços de Tecnologia Ltda. is a Brazilian company specializing in international money transfers, focusing on reducing costs and streamlining processes for users globally.Founded in 2016 and headquartered in Sao Paulo, Brazil, Bee Tech Serviços de Tecnologia Ltda. operates under the brand name Remessa Online, which facilitates international money transfers. The company was acquired by Ebanx S.A for BRL 1.2 billion in cash on December 14, 2021, allowing it to accelerate growth and enhance its financial solutions across Latin America. The founders, Enrico Vincioni and Marcio William, have been integral to its development, while José Dias is currently serving as CEO. Since inception, the company has completed four investment deals, raising a total of BRL 110.000 mn, with the latest funding round being an ADD-ON Trade Sale led by Ebanx S.A.Remessa Online specializes in facilitating international money transfers, allowing users to send and receive money globally with lower transaction costs—up to eight times less than conventional banks. Their services cater to individuals and businesses, enabling payments for studies abroad, content creation, and investments in foreign markets. The company supports transactions across over 100 countries, primarily in Europe, North America, and Asia. With a user-friendly mobile app, customers can efficiently manage transactions, track payments, and handle their virtual and physical accounts.Remessa Online generates revenue through transaction fees for international money transfers, which vary based on transfer type and volume. The pricing model includes an administrative fee per transaction, along with taxes such as IOF and any applicable tariffs. Transactions can be initiated via various payment methods, including TED, PIX, or credit cards, with most funds being accessible within 15 minutes. The company also provides services for businesses receiving international payments, establishing diverse revenue streams within both B2B and consumer sectors.Following the acquisition in December 2021, Bee Tech Serviços de Tecnologia Ltda. plans to leverage the support from Ebanx S.A to enhance its product offerings and expand its presence across Brazil. The company's future initiatives include launching new financial products aimed at streamlining remittance processes and entering additional Latin American markets. The strategic rationale behind the acquisition is to maximize Ebanx S.A.'s client base while also supporting Bee Tech's growth and financial solutions improvement.

## Funding rounds

- Series B, Jun 15, 2020, $21M — Accel, Kaszek Ventures, Global Founders Capital, MAR Ventures, Bewater Ventures
- Series A, Jun 1, 2018, $4M — Global Founders Capital, MAR Ventures

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B
- MAR Ventures (https://capitalatlas.ai/funds/mar-ventures) — Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series B
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series B
- Bewater Ventures (https://capitalatlas.ai/funds/bewater-ventures) — Series B