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Plug provides payment orchestration and related financial technology for businesses.
Founded in 2020 and based in Rio de Janeiro, Brazil, Plug offers modular payment infrastructure, including payment routing, fraud prevention and transaction analytics. It serves fintech companies, e-commerce platforms and marketplaces in Brazil and other Latin American countries. In November 2021, Plug raised USD 2.7 million in Seed funding led by Costanoa Ventures, with Norte Ventures, Verve Capital and Y Combinator participating. Its founders are Alex Vilhena, Marcel Nicolay and Thiago Garuti.
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