Matera, a technology company serving the finance, retail and risk management markets, will open its first development center outside of Brazil in June. The city chosen to receive the new unit was Waterloo, on the outskirts of Toronto, Canada.
“The location was chosen because of the highly skilled workforce, linked in particular to the University of Waterloo, and the innovation ecosystem of the place,” explains Alexandre Pinto, director of innovation and new business in Matera.
The initial plan is to operate in a coworking space and hire three local developers.
With this new center, the company hopes to boost and accelerate the acquisition of new customers in the United States.
“We have been working since 2003 to offer offshore development services for the United States, but now the idea is to look for financial institutions and fintechs interested in acquiring Matera’s products for this segment,” explains Pinto.
Despite the focus on the United States, the company chose Canada as the location for the new unit due to the receptiveness found when establishing the company and the ease of immigration processes possible for Brazilian professionals towards the center in the future.
Today, the company works with open banking, digital accounts and payments platforms.
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