CloudWalk Recognized as One of Forbes' Brazil Most Innovative Companies

São Paulo, November 2024 – CloudWalk, the financial technology company behind the InfinitePay and Jim.com platforms, has been named one of the most innovative companies in Forbes Brazil's ranking, published this week. The digital edition is available for download on Forbes' app for both Google and Apple platforms.

According to the business publication, CloudWalk stood out in the ranking for its mission to deliver efficient and secure financial transactions, establishing itself as a key player in Brazil's financial sector and earning the title of a "giant in the finance industry."

The article highlights CloudWalk’s journey of just over a decade, pinpointing the launch of InfinitePay in 2019 as a pivotal moment not only for the company but for the Brazilian financial market as a whole. In an interview, Luis Silva, CEO and founder of CloudWalk, recalled that he initially anticipated InfinitePay would attract around 500 clients in six months – but instead, it reached 25,000 clients in just four months. "Some clients shared that before using our card machines, they had to rely on loans or loan sharks to maintain cash flow," the publication reported.

Forbes also emphasized InfinitePay’s impressive growth over a little more than five years. “This year, the fintech tripled its customer base, achieved an annualized revenue of R$3 billion, and reported a net profit of R$400 million (nearly half of this revenue comes from AI-driven products). And all this with a compact team of just over 600 employees.”

Luis Silva told the publication: “We’ve impacted more than 3 million micro and small businesses, enabling them to make payments more flexibly, based on their sales volume. If their business prospers faster, we also get paid faster. It’s a relationship where we grow together with our customers.”

Finally, the article highlights another bold move by CloudWalk in 2024: the launch of Jim.com in the United States. This intelligent financial agent, integrated with instant payments, operates as an app.

“We are committed to democratizing access to financial tools, fostering growth and innovation in entrepreneurship both in Brazil and globally,” said Luis. “Our advantage is that we are one of the leaders in Brazil's financial services market, which is roughly 10 years ahead of the United States in financial technologies. We have a lot to offer other countries in terms of expertise.”

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