Mercado de Recebíveis

Mercado de Recebíveis (MDR) is a financial technology company that has developed a platform for the anticipation of receivables, focusing on small and medium-sized entrepreneurs in Brazil.

The company was founded in early 2023 by Henrique Echenique (CEO), Marcos Vinicius Trigo, and Viviane Camila Kuaye. Echenique, a former executive at Itaú BBA, CERC, and Marvin, identified an opportunity created by a regulatory change from the Central Bank of Brazil regarding the registration of duplicate invoices. This change unlocked a market estimated to be worth trillions of reais annually. The founding team's vision was to provide a more fluid and flexible financial experience for the point of sale (PDV), addressing the critical issue of liquidity and access to working capital that often leads to business closures.

The fintech's core business revolves around allowing businesses to anticipate payments from their credit card sales and duplicate invoices. Through its mobile application, Mercado de Recebíveis centralizes the receivables from various card machines, giving entrepreneurs a unified view and control. The process is designed to be straightforward: after registering on the app and integrating their card machines, users can request the anticipation of their available balances. The platform performs an immediate analysis, and upon approval, the funds are transferred via Pix within seconds.

Mercado de Recebíveis generates revenue by charging a percentage of the transaction, which is paid by the financing entity, such as an investment fund, rather than the entrepreneur. This model allows the company to offer more competitive rates compared to traditional players. The firm has expanded its product line with the launch of a corporate credit card in partnership with Visa. This card uses the company's receivables as its credit limit, and the bill is automatically paid from future card machine settlements, a structure facilitated by blockchain technology that can eliminate anticipation fees for the user.

Since its inception, the company has shown significant growth. It secured its first seed investment round in December 2023, which valued the company at R$ 70 million. A subsequent funding round less than a year later increased its valuation to R$ 110 million. The company has also been focused on strengthening its team, bringing on experienced advisors from the market. Having reached its break-even point in May 2025, ahead of schedule, the company is now preparing for a Series A funding round to further enhance its technology and expand its team.

Keywords: receivables anticipation, fintech, working capital, SME financing, point of sale solutions, credit card receivables, duplicate invoices, financial technology, Pix transfer, corporate credit card, asset-backed securities, credit access, liquidity solutions, Brazilian fintech, Henrique Echenique, Urca Angels, PDV finance, cash flow management, digital lending, blockchain finance, investment funds