The financial terms of the deal were not disclosed.
The merger of the two companies aims to consolidate the market of payments focused on the service sector in Latin America.
Led by Rodrigo Dantas, Vindi (PCI Compliance) provides subscription and recurring billing, payment solutions to Saas companies, subscriptions e-commerces, financial services, marketing, gym clubs, education and all subscription based companies.
Led by Mauricio Kigiela, Smartbill is a cloud-based subscription management system that allows companies of all sizes to join the subscription business model. Available for companies operating in Brazil, The system covers all the subscription cycle:
(a) Subscription – business rules, pricing, payment method, parameters, etc,
(d) payment conciliation and
(e) upgrades, downgrades, add ons, renewals.