The credit platform developer, which serves small and medium-sized businesses, has collected new funding from Banco BV.

Financial services firm Banco BV has invested R$100m ($18.4m) in Brazil-based business credit provider Trademaster as a part of a wider partnership agreement, Startupi reported yesterday.

Banco BV will also provide a $92.2m initial funding structure that will be used to support the growth of the company’s operations in 2021.

Trademaster operates a cloud-based software platform that enables retail companies to pay for their stock purchases in instalments. It provides its services for more than 450,000 small and medium-sized businesses…