CERC Central de Recebíveis

What CERC Central de Recebíveis does

CERC Central de Recebíveis is a Brazilian financial market infrastructure provider, headquartered in São Paulo, that operates an API-first digital registry, custody, and settlement platform for receivables across multiple asset classes. The company was founded circa 2015-2019 and is approved by both Banco Central do Brasil and CVM to act as Central Depositária, Settlement Chamber (Câmara de Liquidação), and Organized Over-the-Counter Market (Mercado de Balcão Organizado), giving it dual regulatory standing that few Brazilian fintechs possess.

The company's core platform registers and manages receivables spanning card transactions, duplicatas (electronic invoices), agricultural instruments (CPR, CDCA, CCR), real estate receivables, utility concession receivables, and financial instruments (CDB, LCI, LCA, LF, commercial notes, debentures, FIDC quotas). Built on API-first architecture with zero-Capex integration, the platform delivers three core functions: receivables evaluation (existence verification, availability checking, continuous monitoring, fraud identification); formalization (asset and transaction registration, lien registration, regulatory compliance); and financial flow control (payment instruction, settlement reconciliation, fraud detection). Product modules include Gestão de Colateral for automatic collateral management, CERC Radar de Recebíveis for receivables intelligence, and Inteligência de Dados for AI-enabled decision support.

CERC monetizes through transaction fees on registered receivables and custody/settlement services, with subscription recurring revenue from data intelligence products. It serves a horizontal B2B enterprise client base including banks, fintechs, factoring companies, FIDC funds, payment arrangement participants (acquirers, sub-acquirers, issuers, marketplaces), agribusiness participants, and real estate developers. Distribution is via direct enterprise sales with WhatsApp-based specialist consultation and a self-serve client portal, with API integration enabling embedded deployment. The company has raised R$550 million led by Mubadala Capital (October 2022) at a R$1.6 billion pre-money valuation, reached R$1 trillion in card receivables registered by January 2023, and has 101-250 employees.

Name

CERC Central de Recebíveis

Legal name

CERC Central de Recebíveis

Website

https://cerc.inf.br

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

CERC Central de Recebíveis is a Brazilian fintech operating as financial market infrastructure, providing API-first receivables registry, custody, settlement, and collateral management across cards, duplicatas, agricultural, real estate, and FIDC instruments. Approved by Banco Central and CVM, it serves banks, fintechs, FIDCs, and payment ecosystem participants.

Ownership category

akta.pro rank

Product category

Financial Market Infrastructure

NAICS

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

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

CCP Settlement & Payment Infrastructure Services (FSAFAFAL)

akta.pro secondary industry

Central Counterparty (CCP) Clearing Services (FSABAJAE)

Keywords

• Receivables registry
• Central depository services
• Financial market infrastructure
• Collateral management
• Credit asset custody

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Receivables Registry Services: Transaction fees for registering and managing various types of receivables including card receivables, duplicatas, agricultural receivables, real estate receivables, and utilities. Revenue generated per transaction processed through the platform.
2. Depository and Custody Services: Custody and settlement services for bank instruments and securities including CDB, LCI, LCA, LF, commercial notes, debentures, and FIDC quotas. Approved by Banco Central and CVM to operate as Central Depository and Settlement Chamber.
3. Data Intelligence Products: Data intelligence solutions and analytics products sold to financiers, financial institutions, acquirers, and fund administrators for decision-making purposes.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

CERC Central de Recebíveis operates as a specialized registry (registradora) and financial market infrastructure provider in Brazil, delivering API-first digital services for the registration, custody, evaluation, formalization, and settlement of multiple receivables types including card receivables, duplicatas, agricultural receivables (CPR/CDCA/CCR), real estate receivables, utilities, financial instruments (CDB, LCI, LCA, LF, debentures), and FIDC quotas. The company is approved by Banco Central and CVM to act as Central Depository, Settlement Chamber, and OTC Market.

Product overview

CERC Central de Recebíveis operates as a specialized registradora (registry) for financial receivables in Brazil, offering a comprehensive platform for registration, custody, evaluation, formalization, and financial flow control of multiple receivables types. The core CERC Platform is complemented by specialized modules including Recebíveis de Cartões (card receivables), Gestão de Colateral (collateral management), CERC Radar de Recebíveis (receivables intelligence), Depositária CERC (depository services for bank securities), Recebíveis de FIDCs (FIDC registration), Recebíveis de Agronegócio (agribusiness CPR/CDCA/CCR), Recebíveis Imobiliários (real estate receivables), Inteligência de Dados (data intelligence), Duplicata Escritural (electronic invoice), and the Portal do Cliente (customer portal). The company received R$ 550 million in funding from Mubadala Capital (October 2022) to expand into becoming a depositary, clearinghouse, and marketplace for financial receivables.

Differentiator

Problem solved

Functional benefit

Brands

• CERC Depositária: Central Depositária approved by Banco Central and CVM to act as depositary, clearing chamber, and over-the-counter marketplace.
• CERC Radar de Recebíveis
• Gestão de Colateral
• Portal do Cliente CERC

Products and services

• CERC Platform (Registradora de Recebíveis) Core platform providing infrastructure for registration, custody, evaluation, formalization, and financial flow control of multiple receivables types (cards, duplicatas, agribusiness, real estate, utilities, financial instruments) for banks, fintechs, factoring companies, capital market funds, and corporate clients.
• Recebíveis de Cartões (Card Receivables Registration) Registration service for credit and debit card transaction receivables, enabling merchants to leverage card receivables for advance payments or credit collateral. Covers commercial establishments, marketplaces, acquirers, sub-acquirers, and issuers across the payment arrangement chain.
• Gestão de Colateral (Collateral Management) Collateral management solution enabling automatic guarantee management using card receivables, with intelligent guarantee selection, automatic recomposition in case of chargebacks, automatic asset substitution, and identification of guarantee evasion behavior.
• CERC Radar de Recebíveis (Receivables Intelligence) Intelligence platform for querying and evaluating card receivables data, delivering analytical reports and dashboards with indicators including free receivables schedules, committed amounts, total sales, 12-month billing history, and merchant profiles for any company.
• Depositária CERC (Central Depository) Central Depository, Clearing Chamber, and Organized Over-the-Counter Market approved by Banco Central and CVM, providing digital custody, integrated settlement, and trading for bank securities and structured products including CDB, LCI, LCA, LF, commercial notes, debentures, and FIDC quotas.
• Recebíveis de FIDCs (FIDC Receivables Registration) FIDC (Fundo de Investimento em Direitos Creditórios) receivables registration service helping funds comply with CVM Resolution 175 by registering acquired receivables, offering portfolio optimization, operational efficiency, and regulatory compliance.
• Recebíveis de Agronegócio (Agribusiness Receivables) Agribusiness receivables registration service covering CPR (Cédula do Produtor Rural), CDCA (Cédula de Crédito Agrário), and CCR (Cédula de Crédito Rural), enabling rural producers to obtain financing before harvest or production with legal security and transaction transparency.
• Recebíveis Imobiliários (Real Estate Receivables) Real estate receivables registration service connecting developers and financiers in property financing, offering secure and agile registration with integration to major market ERPs for standardized data and controls covering rental receivables, direct financing (plano empresário), and home equity.
• Inteligência de Dados (Data Intelligence) Data intelligence solutions combining unique data, artificial intelligence, and advanced technology for safer and more efficient business decision-making, serving financiers, financial institutions, acquirers, sub-acquirers, and fund administrators and managers.
• Duplicata Escritural (Electronic Invoice Registration) Electronic invoice (duplicata) registration service for commercial transactions, providing registration, custody, and management of commercial duplicate invoices from product and service invoices as formal credit instruments.

Quantifiable outcome

• R$1 trillion in card receivables processed and registered
• +2 more outcomes

Segments10 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature7 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• B3 (Brasil, Bolsa, Balcão): Brazilian stock exchange and financial market infrastructure operator that also operates the OTC market, central depositary, and clearing houses after absorbing Cetip. Directly comparable as the primary competitor in CERC's depositary, settlement, and OTC market business lines, with overlapping institutional clients.
• CIP (Câmara Interbancária de Pagamentos): Brazilian payment infrastructure operator that runs Pix instant payments and interbank settlement systems. Directly comparable as a Brazilian financial market infrastructure provider delivering clearing and settlement services to banks and fintechs.
• Computershare: Global leader in share registry, employee equity plans, and corporate trust services. Comparable as a direct peer in registry and record-keeping functions for financial assets, addressing similar back-office infrastructure needs for institutional clients.

Broad incumbents

• DTCC (Depository Trust & Clearing Corporation): US-based central securities depository and clearing house for the largest securities market in the world. Comparable as a global benchmark for clearing, settlement, and depository infrastructure serving capital markets.
• Euroclear: International central securities depository headquartered in Belgium, providing settlement, safekeeping, and asset servicing across multiple European and global markets. Comparable as a broad incumbent in depository and settlement infrastructure.
• Clearstream: International securities services provider owned by Deutsche Börse, offering custody, settlement, and financing for domestic and cross-border securities. Comparable as a broad incumbent in custody and post-trade infrastructure.
• Broadridge Financial Solutions: Global financial technology infrastructure provider for capital markets, processing trillions of trades and serving broker-dealers, banks, and asset managers. Comparable in transaction processing, data, and investor communications infrastructure.
• Nasdaq (with CSD operations): Major global exchange operator that also runs central securities depository services through Nasdaq Nordic CSD in the Nordics. Comparable as a broad incumbent in exchange and post-trade infrastructure across multiple asset classes.
• TMX Group: Canadian exchange and clearing infrastructure operator (Toronto Stock Exchange, CDS Clearing). Comparable as an integrated exchange and central securities depository serving multiple asset classes in a single national market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds7 records

Investors11 records

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

M&A

Investments1 record

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

Frequently asked questions about CERC Central de Recebíveis