Fintech reaches an annualized revenue of US$562 Million, triples its seller base, and strengthens global expansion with fintech solutions for micro, small, and medium-sized businesses
SÃO PAULO--(BUSINESS WIRE)--It was a landmark year for CloudWalk, Inc. (“CloudWalk” or the “Company”), the global fintech behind InfinitePay and JIM.com. The company closed 2024 with US$497 Million in revenue, a 67% increase over the previous year on a foreign exchange neutral basis. More impressively, CloudWalk tripled its net income to US$63 million—a direct result of its strategic focus on AI and blockchain. With annualized revenue at US$562 million by December, CloudWalk demonstrates how deeply integrating AI can power robust growth.
In 2024, approximately 50% of CloudWalk’s revenue came from new products launched within the last two years. “We expanded our offerings in intelligent credit, instant payments, and automatic fee negotiation. At the same time, we saw significant customer adoption of Tap to Pay, effectively transforming smartphones into payment terminals,” says Luis Silva, CEO and founder of CloudWalk. “The practical result is that InfinitePay’s seller base in Brazil tripled, reaching 3 million at the end of 2024.”
Learning Efficiency Through AI
According to Silva, CloudWalk’s growth hinges on a robust feedback loop that directly ties the company’s AI models to InfinitePay. “Every transaction feeds crucial data back into our AI pipeline—spanning agents, credit policy, fraud prevention, and growth strategies,” Silva explains. “This real-time stream of insights creates a self-reinforcing cycle: more usage fine-tunes our AI models, which drives even more usage. And thanks to our proprietary tech stack, the entire process is exceptionally secure and fully automated, allowing customers to access services instantly without any hurdles. The system not only adapts with each interaction to meet current needs but uncovers new product opportunities at an accelerated pace.”
Driving this data-driven approach is Stratus, CloudWalk’s innovative blockchain platform. Designed to process 1,800 transactions per second and scale infinitely with advanced technologies like sharding and multi-raft consensus, Stratus ensures speed, security, and efficiency. It provides a safe environment for sensitive financial operations by allowing only authorized participants to validate transactions. Its compatibility with smart contracts enables seamless execution of advanced financial tasks, while its architecture supports up to 160 million transactions daily. This powerful infrastructure is the backbone of CloudWalk’s AI ecosystem, driving continuous improvements and enabling innovations that benefit InfinitePay users and beyond.
Boosting Revenue and Efficiency Per Employee
The results position CloudWalk among the most efficient global fintechs in terms of revenue per employee. With annualized revenue of US$562 million and just over 590 employees, the Company is on the verge of reaching US$1 million in revenue per employee—a milestone reached by only a handful of companies worldwide—without resorting to workforce reductions.
“While we tripled our customer base and net income, our team grew by only about 20%. We achieved that by empowering employees to co-create with our proto-AGI agents,” Silva adds.
In 2024, CloudWalk employees created more than 40 in-house AI agents, spanning engineering, marketing, operations, and customer support. “True innovation isn’t about replacing people; it’s about empowering them to work alongside AI agents—learning from it and harnessing the best of both worlds,” Silva says.
International Expansion
The year 2024 also marked CloudWalk’s debut in the United States with the pilot of JIM.com, an app designed for micro and small business owners that leverages AI, Tap to Pay, and instant payments. Following a promising pilot, the company plans to broaden its footprint to additional U.S. regions in 2025.
“We remain committed to building a global payment network. After our initial rollout, we’re poised to accelerate our presence in the U.S. market, staying true to our mission of delivering innovative financial solutions for entrepreneurs and business owners worldwide,” Silva concludes.
Contacts
For more information, please contact:
press@cloudwalk.io