Pantore Pay Company Information

Pantore Pay, formerly known as Smart Kitchen and Pantore, is a fintech company headquartered in São Paulo, SP, Brazil. The company operates in the fintech industry and provides innovative credit solutions specifically designed for restaurants. Launched in January 2022, Pantore Pay participated in the Y Combinator W22 batch and is currently in the early stages of its business operations. The company employs a team of 25 individuals and serves regions in Brazil, Latin America, and offers remote and partly remote services.

Pantore Pay offers weekly credit to restaurants, allowing them to pay suppliers with a 7-day term and a small service fee. The credit limit is flexible and grows based on the restaurant’s payment history. Restaurant owners can use the credit anytime through Pantore Pay’s mobile app to manage their cash flow and pay suppliers. The company operates as a correspondent bank under the terms of Article 2 of CMN Resolution No. 3.954, dated February 24, 2011, and does not charge any upfront fees for credit approval or release. The payment period ranges from a minimum of 7 days to a maximum of 30 days, with an interest rate ranging from 8.99% to 29.99% per month. Pantore Pay provides a crucial solution for restaurants to shop for supplies and pay bills, addressing their cash flow issues effectively.

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