TruePay’s $32 Million Funding Round

Working alongside onshore counsel Cooley LLP, Carey Olsen advised Brazil fintech TruePay in the round.

Brazilian B2B fintech TruePay raised US$32 million Series A funding round – one of the largest ever growth stage investments seen in both Brazil and the Latam region.

US$32 million Series A funding round – one of the largest ever growth stage investments seen in both Brazil and the Latam region.

Founded in 2020, TruePay has clients throughout Brazil and a merchant base in the thousands. It plans to grow tenfold by the end of 2022.

The Carey Olsen team advising TruePay on the Cayman law aspects of the funding round comprised partner Alistair Russell (Picture) and associate Trevor McCabe.

Involved fees earner: Trevor McCabe – Carey Olsen; Alistair Russell – Carey Olsen;

Law Firms: Carey Olsen;

Clients: TruePay;

Sonia Carcano

Author: Sonia Carcano