Reuters.com reports that Brazilian fintech Ebanx, which is backed by Advent International, has delayed its U.S. IPO.

Ebanx SA, a Brazilian financial technology company, said on Friday it has delayed its U.S. initial public offering.
EBANX remains attentive to the best market moment for an eventual IPO, the company said in an emailed statement.
Ebanx processes payments from clients of global websites that include Airbnb Inc, Uber Technologies Inc and Spotify Technology SA in countries such as Brazil, Mexico, Colombia and Argentina.
Ebanx bought international money transfer firm Remessa Online for $229 million to grow its payments business. The acquisition was made six months after Advent invested $430 million in Ebanx to fund its growth plans.
In 2021, the company added, it processed more than double the payments volume it had in the prior year.
According to a Bloomberg News report at the time, Ebanx had confidentially filed paperwork with the U.S. Securities and Exchange Commission in October last year.

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