Cedro Capital goes for payments and invests in Xodó
August 11, 2019


Source: Estadão


Cedro Capital, with a focus on technology business, wants a space in the disputed market of means of payments. Its slice of the cake will come through Xodó Pagamentos, focused on payment arrangements between urban mobility companies and fuel station chains.

With the investment, the newcomer’s goal is to double in size in 2019 and expand its operations nationally to up to 500 gas stations.

The startup now has a network of 250,000 cars and 200 stations.