PayBrokers announces equity acquisition in PagFast

Strategic move strengthens the group’s leadership position in the Brazilian market; investment focuses on increasing innovative technological solutions within the solution ecosystem the company will offer to its customers

PayBrokers, a company specialized in payment solutions for the Brazilian market, has just announced the acquisition of an equity stake in PagFast, a prominent Brazilian service provider active in the betting and lottery payment market. The transaction is part of PayBrokers’ strategic project to strengthen its presence in the betting, lottery, and gaming segment.

“We are very pleased with the acquisition; PayBrokers now has more functionalities, strengthening our growth strategy in the regulated market,” says Edson Lenzi, the group’s CEO.

Thanks to its robust development team, PagFast has innovative technology and adds strength by incorporating products such as heat maps, a proprietary system that assists in the accounting of operators, open finance technology, and many other functionalities in this recently legalized segment, which have transformed the payment landscape, making transactions faster, easier, and more efficient.

In spite of the acquisition, PagFast continues to operate independently. “The junction aims to strengthen both companies, especially in terms of governance, compliance, and responsible gaming policies,” states Lenzi.

“Having PayBrokers as a partner is an important step in the company’s growth. Despite being new, PagFast has captured a significant market share by owning innovative products,” details Felipe Arruda, CEO of PagFast.

ICE London 2024

The first movement of the junction of the two companies will take place next week in London. On February 6, 7, and 8, PayBrokers will be an exhibitor at ICE London 2024, the world’s largest gaming and betting event, and the company’s stand will already include a team from PagFast.