▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

ADDING MULTIMEDIA CloudWalk Closes 2024 with US$497 Million in Revenue, Triples Net Income Driven by AI and Blockchain

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% incr...

Business Wire

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: 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.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Synapse ITS Appoints Josh LittleSun as Chief Technology Officer to Drive…

#PressRelease--Synapse ITS (“Synapse”), a leader in transportation safety, is pleased to announce the appointment of Josh LittleSun as its new Chief Technology…

Rocket Lab Launches Next Batch of Satellites for Kinéis Constellation

$RKLB--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today successfully launched…

ADTRAN Holdings, Inc. to release fourth quarter 2024 financial results…

#Adtran--ADTRAN Holdings, Inc. (NASDAQ: ADTN) announced today that the Company will release its financial results for the fourth quarter 2024 after market…

AO Mainnet Launches, Ushering in a New Era of Decentralized Computing…

AO, a revolutionary platform for decentralized computing, launches its mainnet today following a highly successful testnet phase, with key milestones…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!