Pantore Pay

pantorepay.com.br
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Company History

Pantore Pay, formerly known as Smart Kitchen and Pantore, was launched in January 2022. The company participated in the Y Combinator W22 batch. It operates in the fintech industry, specifically catering to the financial needs of the restaurant sector. Based in São Paulo, SP, Brazil, Pantore Pay provides unique credit solutions for restaurants in various regions, including Brazil and other parts of Latin America.

Services

Pantore Pay offers a range of credit services tailored to restaurants. The company provides weekly credit for restaurants to pay suppliers with a 7-day term and a small service fee. A flexible credit limit is available, which grows based on the restaurant's payment history. Credit can be used anytime through the Pantore Pay app to pay suppliers. The company offers payment periods from a minimum of 7 days up to 30 days and charges interest rates between 8.99% and 29.99% per month. There are no upfront fees for approving or releasing credit.

Fintech Industry Focus

Pantore Pay operates within the fintech industry, focusing on providing innovative financial solutions to the restaurant sector. The company functions as a correspondent bank under the terms of Article 2 of CMN Resolution No. 3.954, dated February 24, 2011, and does not operate as a direct credit institution. Pantore Pay aims to address the cash flow issues faced by many restaurants through its tailored credit offerings.

Regional Services

Pantore Pay serves a wide range of regions, including Brazil, Latin America, and offers remote and partly remote services. The company's primary base of operations is in São Paulo, SP, Brazil. Despite being in the early stages of business, Pantore Pay has already established its presence in these markets, providing vital credit solutions to restaurant owners.

Team and Operations

Pantore Pay comprises a small yet dedicated team of 25 employees. The company operates actively, focusing on expanding its services and reaching more restaurant owners in need of financial assistance. The early-stage company leverages its participation in the Y Combinator W22 batch to drive innovation and growth within the fintech space.

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