Question 1

What is Malga?

Accepted Answer

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.

Question 2

What products and services does Malga offer?

Accepted Answer

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.

Question 3

Who are Malga's target customers?

Accepted Answer

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.

Question 4

When was Malga founded?

Accepted Answer

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.

Question 5

Where is Malga located?

Accepted Answer

Malga is based in São Paulo, Brazil. The company operates in the Brazilian consumer finance industry.

Question 6

How much funding has Malga raised?

Accepted Answer

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.

Question 7

What are Malga's key achievements and metrics?

Accepted Answer

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.

Question 8

What is Malga's technology approach?

Accepted Answer

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.

Question 9

How many payment providers does Malga support?

Accepted Answer

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.

Question 10

What recent developments has Malga announced?

Accepted Answer

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.

Malga

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Frequently Asked Questions

What is Malga?

What products and services does Malga offer?

Who are Malga's target customers?

When was Malga founded?

Where is Malga located?

How much funding has Malga raised?

What are Malga's key achievements and metrics?

What is Malga's technology approach?

How many payment providers does Malga support?

What recent developments has Malga announced?

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