QI Tech, a São Paulo, Brazil-based monetary companies infrastructure supplier, raised an undisclosed quantity in Sequence B extension funding.
Backers included Common Atlantic, in addition to Throughout Capital.
The corporate intends to make use of the funds to broaden operations and its enterprise attain.
Led by Pedro Mac Dowell, Founder and CEO, QI Tech is a one-stop-shop platform for monetary, credit score, banking, and anti-fraud companies. With each SCD and DTVM licenses granted by the Brazilian Central Financial institution, it gives all of the technological infrastructure for its shoppers and companions to monetize and interact their ecosystem of stakeholders. The corporate combines an clever platform with all regulatory compliance, so its shoppers can provide cost and credit score companies securely and in a approach that most closely fits their enterprise mannequin.
Following the extension, QI Tech has achieved unicorn standing, six months after elevating its US$200M Sequence B spherical in October 2023.
Commenting on the information, Pedro Mac Dowell mentioned: “QI Tech is taking intentional, strategic steps to help our growth and create a complete suite of monetary infrastructure merchandise that higher tackle consumer wants. Reaching unicorn standing is reflection of the onerous work and collaboration of each member of our group, and we deeply admire the continued belief and help of Common Atlantic and our investor base.”
FinSMEs
25/04/2024
