In its 16th acquisition, the company is aiming for leadership in the foreign exchange segment, which handles more than US$7 billion in daily transactions.
Sinqia announced the acquisition of Tree Solution, one of the leading providers of platforms and services for Foreign Exchange, Foreign Trade and Offshore Banking. With this movement, the company reaches the foreign exchange market and reinforces its strategy of accelerating growth by expanding its operating segments. Sinqia starts to offer an innovative, robust and complete solution, with cloud technology and integrations through APIs.
With headquarters in São Paulo and Londrina, Tree Solution has more than 30 employees and is present in two of the three largest banks in Brazil in terms of asset value.
For Bernardo Gomes, the company's CEO, the acquisition is another step in strengthening the business verticals, adding an even more complete and specialized service, with greater execution capacity and a huge potential for investments. “This move to buy Tree puts us in a new position in a market with immense potential, which moves more than US$ 7 billion a day. We started to offer modern and robust software for foreign exchange, foreign trade and offshore, making our portfolio more complete”, he highlights.
Last year, Sinqia raised R$ 362 million through a follow-on share offering to pursue its accelerated growth strategy. “This is the second transaction in about two months. The follow on was essential to finance this new acquisition cycle, which is just beginning, and reaffirms our leadership position and market consolidation”, adds Gomes.
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