Jazz Tech buys Enconta to anticipate self-employed salaries | startups

Jazz Tech buys Enconta to anticipate self-employed salaries |  startups

On the path of consolidating startup products and services, white label banking (BaaS) platform Jazz Tech has just acquired fintech Enconta. With the acquisition, the company that used to advance salaries for clients with a CLT team can now do the same for self-employed professionals, a technology made possible by Enconta.

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“With the history of how much a professional produces on platforms such as Parafuzo and Box Delivery, which are Enconta’s clients, we can suggest a credit limit that the person can take. It is different from our product so far, since the monthly salary is quite predictable”, explains José Roberto Kracochansky, founder and CEO of Jazz Tech.

With the agreement, Kracochansky’s company immediately incorporates Enconta’s portfolio and technology. The tool also allows users to split their discounts on receivables.

The value of the transaction was not revealed, but the Enconta universe, which has been operating for just over three years, transacts more than R$1 billion with the more than 300,000 self-employed professionals served by its clients, who are mostly people without access to credit – an opportunity for Jazz.

José Roberto Kracochansky founded Jazz Tech in 2020 as part of Banco Arbi — Photo: Disclosure

Jazz helps companies like Stuo — since when it was just Wappa — to make digital accounts available to taxi drivers who are part of the base. At the audiobook company Ubook, it provides the technology platform for the digital account where readers earn bonuses.

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There are 70 companies using this banking model as at the service of the house. Jazz takes the rebate of revenue generated from transactions made through its platform. Founded in 2020, the company was built in an integrated manner with the banking core of Banco Arbi, one of its shareholders.

Kracochansky was a manager at Rio Bravo and had already founded, in 2004, Unik – sold in 2015 to the American WEX. In the transaction, he became CEO for the Latin American operation.

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