PayBrokers
- Founded
- 2021-01-01 in Brazil
- Headquarters
- Brazil
PayBrokers is a Brazilian payment service provider specialized in the gaming, gambling and lottery sectors. Founded in 2021, the company has rapidly established itself as a key facilitator of deposits and withdrawals for Brazilian and international merchants operating in Latin America’s regulated iGaming market. Its core offering centers on processing instant payment transactions via PIX – the Brazilian Central Bank’s real-time payment system – enabling users to complete pay-ins and pay-outs in under five seconds. PayBrokers also provides eFX services for cross-border online purchases and supports settlements through both FIAT SWIFT and cryptocurrency channels. In 2023, the company became an authorized payments institution directly plugged into the Central Bank of Brazil, a regulatory milestone that enhances security and compliance. That same year, PayBrokers entered Brazil’s state lottery market, diversifying its portfolio. The company has earned multiple industry accolades, including Best Emerging Markets Payment Solution (2023 and 2024) and Best Payment Provider (2023), and was ranked among the Top 10 Payment and Card Solutions Providers in Latin America.
Detailed Review
History and Founding
PayBrokers emerged in 2021 as a fintech focused on bridging the gap between Brazil’s booming iGaming industry and global merchant networks. The company’s growth has been anchored by deep integration with PIX, Brazil’s dominant instant payment method, which accounts for the vast majority of its transaction volume. By offering tiered fee structures based on processing volume, PayBrokers appeals to both smaller operators and large-scale platforms.
Regulatory Milestone
A pivotal moment came in 2023 when PayBrokers secured official status as a payments institution integrated with the Central Bank of Brazil. This regulatory authorisation enables the company to operate with full compliance oversight, a critical advantage as Brazil moves towards formal regulation of sports betting and online gaming. Shortly after, PayBrokers expanded into the state lottery sector, leveraging its payments infrastructure to modernise lottery transactions.
Products and Services
PayBrokers’ product suite includes Merchant Services (payment processing, pay-ins/pay-outs via PIX), Cryptocurrency Payment Services (settlements via crypto), eFX for international merchants, and a digital banking application (PayBrokers Bank) offering bill payments and account management. The company serves multiple verticals including iGaming and betting, travel, airlines, ecommerce, online dating, and retail.
Leadership and Strategy
Under the leadership of CEO Edson Lenzi, PayBrokers has pursued a strategy of innovation and regulatory alignment. The company has openly advocated for clear, responsible regulation of Brazil’s sports betting market, viewing it as essential for long-term industry stability. In 2025-2026, PayBrokers entered an operational integration with Trio Pagamentos, a Brazilian fintech, signalling a consolidation trend within the local payments ecosystem. This partnership aims to combine PayBrokers’ iGaming expertise with Trio’s broader financial technology capabilities, creating a more comprehensive B2B offering.
Awards and Technology
PayBrokers’ awards – including Best Emerging Markets Payment Solution (2023, 2024) and recognition at major Brazilian and international events – reflect its market reputation. The company continues to invest in AI-driven fraud prevention, facial recognition security, and Open Finance integration, positioning itself as a technologically forward PSP in Latin America’s evolving digital economy.
Key Products
PIX Processing
Instant pay-ins and pay-outs via Brazil’s Central Bank system; tiered fee structure based on processing volume.
eFX Payment Facilitation
Enables international merchants to accept deposits and withdrawals from Brazilian users via credit cards and other methods, bypassing bureaucratic hurdles.
PayBrokers Bank
Digital banking app for bill payments and account management, available on Google Play.
Cryptocurrency Settlements
FIAT-to-crypto and crypto-to-FIAT settlement capabilities.
Lottery Market Solutions
Payment infrastructure for state-run lottery operations in Brazil.
Offices & Headcount
75 employees (approx.)