Pay4Fun reaches two million users in gambling financial transactions

Payments company Pay4Fun announced that it has reached the milestone of two million users in financial transactions with gambling. Moreover, in 2023 alone, the company managed BRL 8.1 billion (over $1.5 billion).

This figure represents a 212% growth compared to 2022 when the amount transacted was BRL 2.6 billion (over $492 million), the company said in an official statement. 

"Since the beginning of operations in 2018, we have focused on innovative solutions and building a secure environment for payments, ensuring the reliability of transactions for both users and operators, which has differentiated us in the market and made us grow rapidly," commented Leonardo Baptista, CEO and Co-Founder of Pay4Fun.

Leonardo Baptista

Furthermore, the provider, which is the first payment entity operating in the entertainment and sports betting segment authorized by the Brazilian Central Bank, carries out more than 500 million transactions per month, with 24-hour operations and approximately 100 employees.

Pay4Fun also has technology and compliance policies that contribute to the prevention of financial crime. "Security is a priority for Pay4Fun. We are committed to protecting our customers' data and transactions. To this end, we have adopted the strictest measures. Our customers can rest easy knowing that their data is safe and that their transactions are legitimate," explained Camila Caresi, CCO of Pay4Fun.

Pay4Fun's stand at BiS SiGMA Americas

Among the solutions it offers is Pay4Fun GO, a payment gateway that offers services such as Pix and transfer for deposits and withdrawals.

The company also has a digital wallet where users can deposit funds and receive rewards at various partner sites. It also offers Pay4Fun Store, an online store with various gift card options for entertainment services, and Pay4Fun Smile, a social responsibility program that provides donations to Support Group for Teenagers and Children with Cancer (GRAAC for its acronym in Spanish) in the fight against childhood cancer.

In May, the company celebrated six years in the market, with a track record marked by various awards such as second place in the SBC Awards (Payments Innovation of the Year category), being named Best Payment Method in the BiS Awards, and third place in the Great Place To Work (GPTW) ranking of the best financial services companies to work for.