Skytef
Skytef, now operating as Fiserv do Brasil, is a São Paulo-based payment technology company serving Brazilian retailers and financial institutions with acquiring processing, card issuance, Pix integration, omnichannel commerce (Carat), and merchant working capital under the global Fiserv brand.
- Company typePrivate
- Founded2002
- HeadquartersSão Paulo, Brazil
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Skytef does
Skytef, legally Fiserv do Brasil Instituição de Pagamento Ltda. (CNPJ 04.962.772/0001-65), is a São Paulo-headquartered payment technology company founded in 2002 that operates as the Brazilian subsidiary of U.S.-listed Fiserv, Inc. The company was rebranded from Skytef to the Fiserv brand while maintaining continuity of operations and customer service. It serves two primary verticals—retail merchants (Varejo) and financial institutions—delivering payment acceptance, transaction processing, card issuance, mobile and internet banking, and Pix instant payment integration through a portfolio of branded platforms: SiTef (high-availability payment processing), Carat (omnichannel ecosystem), Software Express (payment innovation platform), and Bin (brand identity).
The underlying technology stack centers on SiTef, described as a robust payment processing solution with high availability and transaction agility supporting multiple business profiles, and Carat, an omnichannel customer journey platform spanning point-of-sale, mobile, and digital banking channels. Pix integration is offered as a quick-to-deploy acceptance module, and Software Express provides issuer processing and developer-facing payment experiences. The company does not expose a publicly documented API surface; developer resources are hosted via dev.softwareexpress.com.br. Distribution combines direct enterprise sales, an in-house franchise network targeting SMBs and entrepreneurs, channel partners/VARs for mid-market reach, and a self-serve customer portal (carat.softwareexpress.com.br).
The revenue model is multi-stream: transaction-based acquiring fees from retail merchants, technology licensing of SiTef and Software Express to financial institutions, and managed-services revenue from merchant working-capital lending (Capital de Giro). Customer segments are organized by vertical rather than by size tier, with financial institution clients representing higher contract value through acquiring processing and card issuance engagements. The company employs 51-100 people and markets itself as a market leader in Brazilian payments under the Fiserv umbrella, with no independently disclosed financial figures.
Skytef firmographics
Firmographics- Name
- Skytef
- Legal name
- Fiserv do Brasil Instituição de Pagamento Ltda.
- Website
- https://skytef.com.br
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Skytef, now operating as Fiserv do Brasil, is a São Paulo-based payment technology company serving Brazilian retailers and financial institutions with acquiring processing, card issuance, Pix integration, omnichannel commerce (Carat), and merchant working capital under the global Fiserv brand.
- Ownership category
- akta.pro rank
Skytef industry classification
Industry- Product category
- Payment Processing Technology
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Card Issuing (522210)
- akta.pro primary industry
- Merchant Acquiring & Processing Platforms (BPAMAFAB)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Merchant Acquiring & Card Processing (PSPs) (CRAFALAB)
Keywords
Where Skytef is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Skytef business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Acquiring Services: Transaction processing fees charged to merchants for processing card payments. Core revenue stream from payment acquisition services for retail and financial institution clients.
- Technology Licensing: Licensing of proprietary payment technology platforms (SiTef, Software Express) to financial institutions and merchants.
- Working Capital Financing: Credit products offered to merchants for business expansion and operational financing.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Skytef product offering
Product offeringCore offering
Skytef (now operating as Fiserv in Brazil) provides payment processing and acquiring technology infrastructure for retailers and financial institutions. Its portfolio includes the SiTef payment processing platform, the Carat omnichannel ecosystem, Software Express for payment innovation, Pix integration, acquiring services, working capital credit, card issuance processing, and franchise-based distribution of Fiserv payment solutions across Brazil.
Product overview
Skytef (now Fiserv) offers a unified platform-plus-modules portfolio of payment solutions. The core products include SiTef (robust payment processing with high availability), Carat (omnichannel ecosystem), and Software Express (payment innovation platform). Supporting services encompass Pix payment integration, Adquirência (payment acceptance technology), Capital de Giro (working capital credit), and specialized processing services for financial institutions (card issuance and acquiring processing). The transition from Skytef to Fiserv maintains the same operational quality and service commitment.
Differentiator
Problem solved
Functional benefit
Products and services
- SiTef Robust payment processing solution with high availability and transaction agility designed to serve diverse business profiles. It enables merchants and financial institutions to process electronic payment transactions reliably.
- Carat Omnichannel ecosystem providing an integrated customer journey across multiple payment channels (point-of-sale, mobile, internet banking) for merchants and financial institutions.
- Pix Payment integration enabling businesses to accept Pix transactions (Brazil's instant payment system) quickly and easily through the Fiserv platform.
- Software Express Payment innovation platform offering new digital payment experiences and issuer processing technology for individuals and businesses.
- Adquirência Payment acquiring service offering cutting-edge acceptance technology designed to boost sales and drive business growth for retail merchants.
- Capital de Giro Working capital credit product offered to merchants for business expansion and operational financing, designed to be quick, flexible, and simple to contract.
- Processamento de Adquirência Acquiring processing service for financial institutions that goes beyond standard processing to deliver value-added services and solutions to financial institution operations.
- Processamento de Emissão de Cartões Card issuance processing service for financial institutions offering a modern, secure digital experience with flexible models and simplified processes.
- Franquias Franchise business model allowing entrepreneurs to distribute Fiserv payment solutions and innovate in the payment means market under the established brand.
Quantifiable outcome
- 70% of Brazilian consumers would change financial institutions without good mobile/computer interaction - highlighting critical need for digital banking capabilities
- +1 more outcomes
Companies that use Skytef
Customer profileSegments2 records
Ideal customer profiles2 records
Skytef technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Skytef partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights5 records
Skytef competitors and assessment
Company assessmentDirect peers
- EBANX: Brazilian-founded payment processor specializing in cross-border and LatAm payment processing infrastructure. Comparable to Skytef's payment technology stack and serving merchants and financial institutions.
- StoneCo: Brazilian acquirer and banking platform serving SMB and enterprise merchants with POS, acquiring, and integrated software. Competes directly in retail acquiring and omnichannel payment acceptance.
- GetNet (Santander): Payment processor and acquirer owned by Santander, offering card acceptance, POS, and digital payment solutions. Directly comparable in financial institution processing and retail acquiring.
- SafraPay: Brazilian acquirer and payment processor owned by Banco Safra, offering card acceptance and integrated commerce solutions. Directly competes in retail acquiring and financial institution processing.
- Mercado Pago: Fintech arm of Mercado Libre operating in Brazil, providing acquiring, POS, credit, and digital account services. Overlaps with Skytef in acquiring, working capital, and omnichannel commerce.
- Cielo: Brazil's largest card acquirer, providing merchant acquiring, payment processing, and POS solutions. Directly comparable to Skytef's Adquirência and SiTef services for retail and financial institution clients across Brazil.
- Rede (Itaú): Major Brazilian acquirer owned by Itaú Unibanco, offering card acquiring, payment processing, and integrated commerce solutions. Competes head-to-head with Skytef in the same retail and financial institution verticals.
- PagSeguro / PagBank: Brazilian payment processor and digital banking platform offering acquiring, point-of-sale, and merchant accounts. Directly comparable across SMB acquiring, Pix acceptance, and omnichannel payment solutions.
Emerging players
- Pismo: Cloud-native payment and banking infrastructure platform serving issuers, acquirers, and fintechs with APIs for issuing, processing, and digital banking. Emerging competitor in payment processing infrastructure relevant to SiTef and Software Express.
Broad incumbents
- FIS (Fidelity National Information Services): Global financial technology and payment processing incumbent with a comparable merchant acquiring, issuing, and financial institution software portfolio. Comparable as a global incumbent with similar end-to-end capabilities to Fiserv/Skytef.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Skytef social profiles
Digital presenceSkytef financial estimates
Financial estimateRevenue estimate
Valuation estimate
Skytef leadership team
Management profileNumber of profiles
Skytef funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Skytef M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Skytef
What does Skytef do?
Skytef (now operating as Fiserv in Brazil) provides payment processing and acquiring technology infrastructure for retailers and financial institutions. Its portfolio includes the SiTef payment processing platform, the Carat omnichannel ecosystem, Software Express for payment innovation, Pix integration, acquiring services, working capital credit, card issuance processing, and franchise-based distribution of Fiserv payment solutions across Brazil.
Is Skytef a public or private company?
Skytef is a private company. It is classified as corporate owned and is currently operating.
When was Skytef founded?
Skytef was founded in 2002. It employs 51 to 100 people.
Where is Skytef based?
Skytef is headquartered in São Paulo, Brazil, in the Latin America region.
How does Skytef make money?
Three revenue lines are on record. Payment Acquiring Services are the primary driver. The others are technology Licensing and working Capital Financing.
Who are Skytef's main competitors?
Direct peers on record are EBANX, StoneCo, GetNet (Santander), SafraPay, Mercado Pago, Cielo, Rede (Itaú) and PagSeguro / PagBank. Pismo is listed as an emerging player. FIS (Fidelity National Information Services) is listed as a broad incumbent.
Does Skytef have an API?
No public API is recorded for Skytef.
What industry is Skytef in?
Skytef's product category is Payment Processing Technology. Its primary akta.pro industry code is BPAMAFAB, Merchant Acquiring & Processing Platforms, with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 52232.