# Malga **Source:** https://geo.sig.ai/brands/malga **Vertical:** Finance **Subcategory:** General **Tier:** Leader **Website:** malga.io **Last Updated:** 2026-04-14 ## Summary São Paulo payment orchestration connecting 25+ Brazilian providers through single API; YC $10.3M with R$7B processed after acquiring Drip for Pix Parcelado competing for Brazilian digital payment infrastructure. ## Company Overview Malga is a São Paulo-based payment orchestration platform — backed by Y Combinator with $10.3 million raised including a $5.55 million Series A led by CV iDEXO and Costanoa in February 2025 — enabling Brazilian digital businesses to access 25+ payment providers (Adyen, Stripe, Stone, Cielo, PagSeguro, Pix rails) through a single API integration, with transaction-level intelligent routing and automatic failover that switches providers without code changes. Founded in 2020 and having processed R$7 billion since inception, Malga serves e-commerce platforms, fintechs, and marketplaces and in December 2024 acquired Drip, a Pix Parcelado (installment payments via Pix) provider. Malga's orchestration layer creates payment resilience and cost optimization for Brazilian merchants: payment authorizations can fail due to issuer downtime, fraud rules, or network congestion — a failed transaction that isn't retried through an alternative provider represents lost revenue. Malga's intelligent routing automatically retries declined transactions through alternative providers (if Adyen declines, try Stone; if Stone is slow, route high-value transactions to the provider with the best authorization rate for that card BIN) without the merchant's development team writing custom retry logic. The Pix integration (Brazil's instant payment system mandated by the Central Bank of Brazil) and the Drip acquisition's Pix Parcelado capabilities add the Brazilian-specific payment methods that international orchestration platforms lack. In 2025, Malga competes in the Brazilian payment orchestration market with Conductor (payment processing and issuing), Zoop (payment infrastructure), and Juno (payment orchestration, acquired by Locaweb) for the payment infrastructure layer serving digital businesses in Brazil. Brazil's $70B+ digital payment market and the proliferation of Pix (now the dominant payment method in Brazil, processing 4+ billion transactions monthly) creates strong demand for orchestration that navigates multiple payment rails. Y Combinator's backing connects Malga with international fintech investors and marketplace companies expanding into Brazil. The 2025 strategy focuses on growing the Pix Parcelado installment product (high consumer demand for installment payments via instant Pix), expanding to other Latin American markets, and building the payment analytics layer that helps merchants optimize authorization rates. ## Frequently Asked Questions ### What is Malga? Malga (formerly Plug) is a São Paulo-based payment orchestration platform founded in 2020 that gives digital businesses access to 25 payment providers through a single integration. The platform enables transaction-to-transaction provider switching without writing code, simplifying payment management for businesses across Brazil. ### What products and services does Malga offer? Malga provides payment provider aggregation, single API integration, transaction-level provider switching, processor connectivity, and e-commerce platform integration. The company also offers acquirer relationships, anti-fraud solutions, payment conciliators, and multi-provider orchestration capabilities. ### Who are Malga's target customers? Malga serves e-commerce companies, fintechs, entertainment businesses, tourism companies, health and beauty sectors, marketplaces, education providers, and logistics companies across Brazil. The platform is designed for digital businesses that need flexible payment processing solutions. ### When was Malga founded? Malga was founded in 2020 and was part of Y Combinator's Summer 2021 (S21) batch. The company was formerly known as Plug before rebranding to Malga. ### Where is Malga located? Malga is based in São Paulo, Brazil. The company operates in the Brazilian consumer finance industry. ### How much funding has Malga raised? Malga has raised $10.3M in total funding, including a $5.55M Series A round on February 25, 2025, led by CV iDEXO (Corporate Venture Capital of Totvs) and Costanoa. Previous investors include Y Combinator and QED Investors. ### What are Malga's key achievements and metrics? Malga has processed R$ 7 billion ($1.4B USD) on its platform since inception and provides access to 25 payment providers. In December 2024, the company acquired Drip (Pix Parcelado), expanding its payment capabilities. ### What is Malga's technology approach? Malga offers a payment orchestration API that allows businesses to integrate with 25 payment providers through a single integration. The platform enables transaction-to-transaction provider switching without requiring additional code, providing flexibility and ease of implementation. ### How many payment providers does Malga support? Malga provides access to 25 payment providers through its single API integration. This allows businesses to manage multiple payment options and switch providers at the transaction level without additional development work. ### What recent developments has Malga announced? In February 2025, Malga completed a $5.55M Series A funding round led by CV iDEXO and Costanoa, bringing total funding to $10.3M. In December 2024, the company acquired Drip (Pix Parcelado) to expand its payment solution offerings. ## Tags api-first, b2b, fintech, latin-america, payment-processing, platform, scaleup --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*