Brazil has more than 600 fintech companies and some of them are raising investments to support their early development. This is the case of Atta, BLU365, and SuperSim financial services startups. The ventures have raised funds totaling $2 million (BRL 12 million), the specific amount invested in each fintech was not disclosed.
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Distrito Ventures – the leader of the rounds
The leader of the rounds was Distrito Ventures, the investment arm of the open innovation company Distrito. On its own, Distrito Ventures contributed 25% of the amount of $683.000 (BRL 3 million). Strategic investors and local and foreign funds completed the investments. The District Ventures has already contributed $4.7 million (BRL 21 million) in 21 startups in seed or series A rounds. Neon Pagamentos, listed as one of the next fintechs to become a unicorn, is one of them.
“Brazil is still a market with very concentrated financial institutions, which generates inefficiency in several products. The consumer has changed his way of behaving and fintechs have better captured this change, with more adequate experiences in service, product, and transparency,” said Gustavo Gierun, co-founder of the District. “The market will continue to grow, especially with future regulations on open banking and instant payments.”
Atta is a platform that gives real estate credit, guarantee and insurance for realtors and developers. Fintech uses artificial intelligence to facilitate access to credit and make selling or renting real estate faster and more transparent. The startup acts mainly in B2B, speeding up the issuance of contracts or anticipating the cash flow for real estate sellers.
In addition to the Ventures District, Fisher Venture Builder participated in the new seed contribution – the institution was already an investor in Atta. Fintech intends to invest its new resources in workforce training, marketing, and technology. A great strategy will be to act also in B2C, helping the final consumer of the properties.
BLU365 is a credit recovery fintech. The startup helps both financial institutions reach delinquent customers (B2B) and consumers seeking to pay their debts (B2C). According to BLU365 itself, more than 3 million families have negotiated debt arrears by fintech. The enterprise uses data analysis to understand the profile of each client before proposing an agreement, ensuring more effectiveness in contracts.
Fintech had already received a contribution from the Monashees investment fund. The series A round, led by the District, counts with the participation of the American accelerator Plug & Play, which recently opened its first Latin American office in São Paulo. BLU365 will use the contribution to invest more in data science and seek new sectors.
SuperSim grants microcredit to individuals with no or little access to credit, especially from classes C and D. Fintech uses data and technology to approve money to clients with no credit alternatives in the market, including the negatives.
In addition to Distrito Ventures, angel investors and family offices will participate in the seed investment round at SuperSim. The money raised will be used to strengthen Fintech’s credit portfolio and also to invest in teamwork, product improvement, and user experience.
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First published in globo.com, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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