Pantore Tecnologia Analysis: $125K Raised
What is Pantore Tecnologia?
Pantore Pay provides a credit line for small food and beverage retailers to pay suppliers. The service adds seven extra days to supplier payment terms, and customers pay a service fee instead of using traditional bank financing. The company says it operates as a correspondent banking agent, not a financial institution.
Location
Avenida Brig Faria Lima, 1811, Conj Escritorio 1119 - Jardim Paulistano, Sao Paulo - SP, 01.452-001, Brazil
Employees
11-50
Founded
2020
Product Features & Capabilities
- Crédito para restaurantes, lanchonetes, bares e mercearias, crédito semanal, limite flexível, pagamento de fornecedores, crédito simples em 3 passos, taxa de serviço, análise de crédito, prazo de pagamento de 7 a 30 dias, taxa de juros entre 8,99% e 29,99% ao mês.
Pricing
- Não há juros, mas uma taxa de serviço é cobrada.
- A taxa de serviço é calculada com base no valor solicitado.
- O prazo de pagamento varia de 7 a 30 dias.
- A taxa de juros varia entre 8,99% e 29,99% ao mês.
How much Pantore Tecnologia raised
Seed - $125,000
March 1, 2022Lead Investor: Y Combinator, Soma Capital, and 1 other investor
Who are the founders of Pantore Tecnologia
YF
Yonathan Faber
Founder
RP
Renan Pupin
Founder
HQ Full Address
Avenida Brig Faria Lima, 1811, Conj Escritorio 1119 - Jardim Paulistano, Sao Paulo - SP, 01.452-001, Brazil
Competitors Overview
Pantore Tecnologia operates in the digital financial solutions market, specifically providing credit services for restaurants, bars, and food service businesses. Its main competitors include:
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Uber Eats and Credijusto: This partnership offers digital financing solutions to restaurants, allowing them to access loans directly through the Uber Eats platform. This service is advantageous as it integrates financing with food delivery, making it convenient for restaurant owners who are already using Uber Eats for their operations.
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iFood Pago: iFood has launched a digital banking service specifically for restaurants, which includes features such as digital accounts, credit services, customer relationship management (CRM), and payment solutions including POS terminals. This service aims to be a comprehensive banking solution tailored for the restaurant industry, providing a one-stop-shop for financial needs.
Notable differences and advantages:
- Integration with Delivery Services: Both Uber Eats and iFood offer financing solutions integrated with their delivery platforms, which can be more appealing to restaurant owners who are already using these services.
- Comprehensive Banking Solutions: iFood Pago aims to provide a broader range of financial services beyond just credit, which may attract restaurants looking for a more complete financial management solution.
Market Focus
Pantore Tecnologia primarily focuses on the digital financial solutions market, specifically providing credit services for the restaurant, bar, and food service industries.
Business Model
Revenue model based on service fees for credit transactions, not traditional interest rates.
Investors
- Edward Lando
- Rebel Fund
- Empty Set Group
- Karman Ventures
- Kevin Moore
- Pareto Holdings
- Y Combinator
- Soma Capital
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