Matera

What Matera does

Matera is a Brazilian-founded banking technology company, established in 1987 in São Paulo, that provides real-time payment infrastructure and core banking modernization solutions for global financial institutions. Its flagship Digital Twin is a lightweight, cloud-native, API-first, event-driven ledger that runs alongside a bank's legacy core to authorize transactions and update balances 24x7, enabling instant payment processing for RTP, FedNow, Pix, and stablecoins without requiring core replacement. Adjacent offerings include QR Code Payments (pioneered in 2016 with offline support), Digital Twin for Stablecoins (USDC integration through a Circle partnership), and Wallet as a Service for mobile wallet functionality. The platform processes 600M+ instant payments per month and 300M+ QR code payments per month across 90M+ digital accounts, with stated performance of 12,000+ TPS across 145M accounts.

Matera serves 280+ financial institution clients, including 2 of the top 3 global banks and 3 of the top 10 US banks, with named enterprise customers such as Bank of America, Santander, Bradesco, JPMorgan, BNY Mellon, Mizuho, BNP Paribas, Fiserv, Cielo, Adyen, ABN AMRO, and C6 Bank. The company monetizes through transaction-based fees and multi-year enterprise platform subscriptions, sold via direct enterprise field sales with regional offices in São Paulo, Campinas (Brazil), Philadelphia (US), and Toronto (Canada). Matera was involved in the creation of Brazil's Pix instant payment system and continues to process 7+ billion Pix transactions per year through its platform.

Matera has raised disclosed private equity from Kinea Private Equity in 2020 and $100M from Warburg Pincus in 2024, expanded to the United States in 2022, and acquired Brazilian AI company Cinnecta in August 2023 to add AI-driven customer retention and transaction-volume capabilities. The company currently employs 1,100+ people and remains privately held under founder and CEO Carlos Netto.

Name

Matera

Legal name

Matera Inc

Website

https://matera.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Matera provides real-time payment infrastructure and Digital Twin technology that enables global banks and credit unions to process instant payments, QR code transactions, and stablecoins without replacing their legacy core banking systems.

Ownership category

akta.pro rank

Product category

Banking Technology Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC)

akta.pro secondary industries

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Tokenization, Network Vaults & Credential Management (FSAGABAF), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

Keywords

• Core banking technology
• Instant payments platform
• Digital twin banking
• QR code payments
• Stablecoin banking infrastructure

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Payment Processing / Transaction Fees: Revenue generated from processing instant payments and QR code transactions. The platform processes 600M+ instant payments per month and 300M+ QR Code payments per month.
2. Software Licensing / Platform Subscription: Technology licensing and platform fees for Digital Twin, core banking modernization solutions, and related banking technology services for financial institutions.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Matera provides cloud-native, API-first banking technology platforms anchored by its Digital Twin real-time transaction ledger, which augments legacy core banking systems to enable 24x7 instant payments, QR code transactions, and stablecoin support without requiring core replacement. The platform is offered to financial institutions including banks, credit unions, and fintechs through modules covering real-time payments, stablecoin integration, QR code payments, and mobile wallet infrastructure.

Product overview

Matera offers a unified platform architecture anchored by Digital Twin, a real-time transaction ledger that augments legacy Core banking systems to enable 24x7 instant payments, QR code transactions, and stablecoin support without requiring core replacement. The platform includes specialized modules for stablecoin integration (Digital Twin for Stablecoins via Circle partnership), QR Code Payments supporting FedNow/RTP/ACH, and Wallet as a Service for mobile wallet functionality. All solutions share an API-first, event-driven architecture targeting financial institutions seeking modernization.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Twin for Real-Time Payments A real-time transaction ledger deployed in the cloud that works alongside a bank's core banking system to authorize transactions and update balances 24x7. It enables instant payment processing including RTP, FedNow, and stablecoins without replacing the legacy core.
• Digital Twin for Stablecoins An extension of the Digital Twin platform that enables financial institutions to offer stablecoins (USDC) within their mobile banking apps. Allows customers to view stablecoin balances alongside traditional accounts, convert USD to USDC, and send/receive stablecoin payments without gas fees.
• QR Code Payments Payment software processing millions of QR code transactions monthly. Supports FedNow/RTP, ACH, push to card, integrated with invoices, POS, and e-commerce. Features static and dynamic QR codes, merchant and consumer present modes, and auto-calculation of fees and fines.
• Wallet as a Service API-first platform powering payment functionality of mobile wallets. Provides out-of-the-box APIs for adding payment methods, loading pre-paid cards, QR code payments, loyalty tracking, and in-app promotions for banks and fintechs.

Quantifiable outcome

• Processes 600M+ instant payments per month
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• CirclecoreTechnology or IntegrationMatera partnered with Circle to enable banks and credit unions to embed USDC stablecoins into their mobile banking apps. The partnership combines Circle's regulated liquidity with Matera's Digital Twin infrastructure, allowing customers to see stablecoin balances alongside traditional bank balances and send, receive, and pay with USDC globally without overhauling core systems.
• CinnectaminorStrategic or Co-development PartnerMatera acquired Brazilian AI company Cinnecta in August 2023 to enhance customer retention and transaction volumes. The acquisition supports development of tailored financial services using AI for improving sales capabilities and digital experiences. Cinnecta's team is recognized as a top workplace in Brazil.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• nCino: Cloud banking platform focused on commercial and retail banking workflows. Competes with Matera for U.S. financial institution modernization dollars, especially at community and regional banks.
• Fiserv: Major U.S. banking and payments technology vendor (existing Matera customer/partner). Competes on adjacent real-time and core modernization capabilities and has the scale to bundle offerings.
• Temenos: Established core banking software provider serving 3,000+ banks globally. A broader incumbent competing with Matera for the same modernization budgets, especially outside the U.S.
• FIS (Fidelity National Information Services): Largest U.S. banking-tech incumbent with deep relationships at U.S. tier-1 banks. A direct competitor in core and payments modernization at enterprise scale.

Direct peers

• Thought Machine: Cloud-native core banking platform serving global tier-1 banks. Directly competes with Matera's Digital Twin for modernization deals, though Thought Machine pushes full core replacement rather than augmentation.
• Backbase: Digital banking platform serving banks and credit unions with engagement and servicing layers. Competes with Matera's Wallet-as-a-Service and Digital Twin offerings in digital transformation deals.
• 10x Banking: Cloud-native core banking platform targeting tier-1 incumbents. Competes with Matera in the 'modernize the core' narrative but takes a full-replacement approach rather than Matera's augmentation model.
• Mambu: SaaS core banking and BaaS platform serving banks, fintechs, and lenders. Competes with Matera for embedded finance and digital banking modernization contracts, especially with neobanks and credit unions.

Emerging players

• Marqeta: Modern card issuing and payment processing API platform. Comparable to Matera in payments infrastructure modernization but focuses on card programs rather than instant payment rails and core augmentation.
• Galileo Financial Technologies: Payment processing platform for banks and fintechs (a SoFi company). Overlaps with Matera in BaaS/payments infrastructure, particularly serving neobanks and credit unions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/matera

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matera