Marvin Closes USD 15M Series A Funding to Unlock B2B Payments in Brazil

Brazil-based fintech Marvin has received USD 15 million in Series A funding to to allow SMBs to pay suppliers using their own credit card receivables.

Marvin is a B2B payments platform that enables merchants to use credit card receivables as a financial asset with which to pay their suppliers, thus unlocking credit for merchants and increasing sales for suppliers. 

By creating new digital rails for the flow of money, Marvin facilitates merchants and suppliers alike to sell more stuff, reach more customers, and start new franchises. Just like Stripe expanded the market of digital B2C payments globally, Marvin does much the same for B2B payments, company officials said.

(Source: The Paypers)