Brazil’s a55 credit fintech for tech companies gets US$35 million in funding

RIO DE JANEIRO, BRAZIL – A55, a Brazilian credit fintech for tech companies, announced on Tuesday that it has received a US$ 35 million investment led by emerging markets investor Accial Capital, E3 Negócios and Mouro Capital.

Founded in 2017, a55 connects bank accounts, custody solutions, billing, payment methods and credit intelligence. The fintech says it employs over 80 staff and has offices in São Paulo, Florianópolis, and Mexico.

Funds from the round will be used to finance credit operations in Latin America, focusing on Mexico and commercial and product expansion.

“Data is the new gold and fuels the new economy. We are building the platform of the future, where digital, transactional and revenue data will drive credit decisions and shape the future of financial services for business to grow online,” a55 CEO Hugo Mathecowitsch said in a statement.

The fintech projects 600% growth in 2021, surpassing R$1 billion in credit in Brazil and US$100 million in Mexico next year. “Our goal is to become the main financing platform for technology service companies in Latin America,” Mathecowitsch said.

Source: moneytimes