CloudWalk, the fintech behind InfinitePay and JIM.com, has received a new license from the Central Bank of Brazil to operate as a credit institution, expanding its regulatory scope.
The license enables CloudWalk to offer investment products to over 4 million entrepreneurs and enhance credit services for its customers.
This authorization allows CloudWalk to have greater autonomy over the credit lifecycle, reduce funding costs, and provide more competitive lending terms to entrepreneurs.
CloudWalk aims to build a more autonomous and scalable financial ecosystem by leveraging AI, blockchain, and advanced infrastructure to empower entrepreneurs globally.