InfinitePay 免费手机终端在巴西取胜：630万卖家，13亿美元年化收入

做的是什么生意

CloudWalk's InfinitePay gives Brazilian micro and small entrepreneurs a free digital account and card payments from any smartphone (Tap to Pay), plus Pix, receivables advances and an embedded AI agent called JIM.

启动资金：InfinitePay launched in 2019 with about US$2M; since 2021 CloudWalk has raised roughly US$4B through FIDC structured-credit vehicles, including a R$4.2B FIDC in Oct 2025 (Exame) and a US$1.1B issuance in Apr 2026 (LatamList).

起因

CloudWalk was founded in São Paulo by Luis Silva in 2015 and launched InfinitePay in 2019 with about US$2M, betting that the phone could replace the rented terminal and that microentrepreneurs would accept cards if acceptance were free and instant.

经过

InfinitePay grew from 3 million to more than 6.3 million active sellers in 2025 and became Brazil's most-downloaded finance app in December 2025 (4.9 stars, 566,000+ reviews). CloudWalk crossed US$1B annualized revenue in July 2025 and closed 2025 with US$990M revenue (+104% YoY) and US$110M net income on a 720-person team, secured a full credit-institution license from Brazil's central bank, and received a first Fitch rating (AA-(bra)). Funding came mainly through structured credit: about US$4B in FIDC vehicles since 2021, including a R$4.2B FIDC in Oct 2025 and a US$1.1B issuance in Apr 2026 to finance merchant receivables.

结果

Still scaling: as of April 2026 CloudWalk had raised another US$1.1B via FIDC and pushed into the US with JIM.com, while InfinitePay kept adding millions of Brazilian sellers.

可借鉴之处

通过消除租赁障碍赢得最小的客户：免费基于手机的收款加上AI运营，使低费率产品盈利且轻资本——然后通过信贷变现。