# Paytrack

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paytrack

- Industry: Software
- Headquarters: Blumenau, Brazil
- Website: www.paytrack.com.br/
- Total disclosed funding: $41M
- Latest round: Series B (Jan 22, 2025)
- Investors on record: 2

## About

Based in Brazil, Paytrack Ltd delivers integrated solutions for corporate expense and travel management, focusing on enhancing operational efficiency and financial oversight for businesses.Paytrack Ltd, founded in 2016 and headquartered in Blumenau, Brazil, specializes in providing integrated solutions for travel and expense management. The company has successfully completed 2 deals, with its most recent being a Series B funding round on January 22, 2025, where it raised BRL 240 million led by Riverwood Capital. The company is co-founded and led by Daniele Amaro and Pedro Góes, who have experience in the corporate services sector.Paytrack offers a comprehensive suite of integrated solutions tailored for corporate expense and travel management. Their core offerings include a travel booking platform, expense tracking tools, and corporate card services, all designed to enhance operational efficiency and financial oversight for businesses. The platform allows users to compare, reserve, and manage travel arrangements seamlessly within a single interface, thereby addressing the challenges of expense tracking and travel logistics. Paytrack serves various sectors including agribusiness, automotive, healthcare, and construction, providing services primarily in the Brazilian market. Their clientele comprises leading companies looking for streamlined travel solutions, ensuring agility, cost savings, and personalized support available around the clock.Paytrack's revenue model is primarily based on subscription services and transactional fees associated with their travel and expense management platform. Clients engage with the company through a structured partnership, utilizing the various products and services offered, such as integrated travel bookings and expense reporting features. The payment structure encompasses monthly or annual subscriptions for access to the platform, alongside transaction fees incurred during bookings and reimbursements. Given the nature of corporate travel management, transactions typically involve businesses paying for travel services on behalf of their employees, followed by expense reconciliation and reimbursement processes facilitated by Paytrack's automated systems. This model supports the efficient management of travel expenses, thereby fostering a steady revenue stream for the company.In January 2025, Paytrack raised BRL 240 million in Series B funding led by Riverwood Capital. The company plans to utilize this funding to focus on commercial expansion, develop new products for its platform, and integrate new business-to-business payment solutions. As part of its growth strategy, Paytrack aims to expand its services into new markets beyond Brazil, although specific geographic targets have not been detailed.

## Funding rounds

- Series B, Jan 22, 2025, $40M — Riverwood Capital
- Series A, Jul 2, 2021, $1.7M — Parceiro Ventures

## Investors

- Parceiro Ventures (https://capitalatlas.ai/funds/parceiro-ventures) — Series A
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series B