R2 has announced its expansion into Brazil, marking the company’s entry into Latin America’s largest economy. With the support of Ant International, a leading global provider of digital payment, digitisation and FinAI solutions, R2 will partner with digital platforms across Brazil to embed working capital solutions directly into the products their merchants and gig workers already use.

For digital platforms, marketplaces, payment providers, e-commerce companies and others serving SMBs and gig workers, R2 provides a proven embedded credit technology solution that enables them to offer financing to their users without building credit operations themselves and without taking on credit risk. For the platforms, that translates into a new revenue stream and a stronger value proposition for their merchant base. For the businesses and workers those platforms serve, it means access to working capital based on how they actually perform rather than on documentation that most of them do not have.

“Brazil is a defining milestone in R2’s growth. The country combines one of the world’s most advanced digital financial ecosystems with enormous demand for embedded finance. Together with Ant International, we share a deep commitment to expanding financial inclusion across Latin America, connecting digital platforms with the tools they need to bring working capital to the millions of businesses and individuals that drive the region’s economy,” said Roger Larach, Co-founder and CEO of R2.

Built for Regional Scale

R2 enters Brazil with technology and operational systems refined across four markets, industries and economic cycles. As of Q2 2026, eligible businesses receive funding in an average of 0.7 hours, up to 70% of eligible applicants are pre-approved, and the company maintains a cross-market NPS of 89. Origination volume grew 2.5x year-over-year as of July 2026. The platform analyzes more than 10.3 billion transactions every month, providing visibility into over 7.3 million merchants across the region — the data depth that powers R2’s transaction-based underwriting and enables personalized credit offers tailored to each business’s actual performance.

Why Brazil

Brazil’s digital economy creates the conditions in which R2’s model performs best. The widespread adoption of Pix has brought an enormous share of SMB and gig worker activity onto digital rails, generating the real-time transactional data on which R2’s underwriting runs. This allows R2 to assess creditworthiness based on what a business is actually doing — its transaction volume, payment patterns and revenue consistency — rather than relying on traditional documentation. The more digital the payment ecosystem, the more accurate and personalized the credit offers R2 can deliver.

At the same time, millions of businesses and independent workers in Brazil generate consistent digital revenues yet continue to face limited access to traditional financing. That makes embedded working capital especially relevant in markets where cash flow can be visible in platform data but still difficult to translate into a loan application. R2 addresses this gap directly by embedding working capital into the platforms they already use, so financing flows naturally as part of their existing operational experience.

Building on a Strategic Partnership

R2’s expansion into Brazil is supported by Ant International, whose commitment to invest in R2’s growth provides the capital capacity to deploy embedded credit solutions at scale across the country. Ant International brings additional depth and funding to R2’s embedded operations, enabling it to deliver tailored credit solutions on a massive scale for the businesses and workers it serves.

With an average of over 20 million daily transactions, Ant International helps more than 150 million merchants reach over 2 billion user accounts globally, offering solutions that range from payment and account services to embedded credit, treasury management and AI-powered financial innovations. In Brazil, the company provides embedded financing and credit technology solutions through partnerships with a digital e-commerce platform and local fintechs.