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Brazil is among the most attractive places to invest in FinTech and has already attracted the attention of several global venture capital and private equity funds. Thr top three FinTechs that received the most contributions received more than BRL 700 million (US$ 214,8 million) in recent years.
But the market continues to grow, with potential revenue of BRL 75 billion over the next 10 years, if FinTechs that are already operating are considered.
Find out who the top investors interested in this market are.
Who invested in Nubank, Creditas, and GuiaBolso
The Brazilian companies that received the most money have several investors in common. Know who contributed to each of them.
1. Nubank — Total: BRL 600 Million
The FinTech of the payment card industry is already known by the Brazilian public; it has more than 800,000 estimated customers. It received approximately BRL 600 million in five rounds of investments.
In addition to the funds mentioned below, billionaire entrepreneur Nicolas Berggruen also made a contribution to Nubank. Sequoia Capital may have been one of the key investors, with a seed investment of about BRL 1 million in 2013.
- DST Global: DST Global is the investment arm of Russia’s Mail.ru group, skilled in private equity and venture capital investments in more advanced ventures.
- RedPoint e.Ventures: Risk fund for early-stage companies, formed in 2012 for investment in Brazilian FinTechs.
- Ribbit Capital: Venture capital firm based in Palo Alto, California. It invests globally in companies that provide financial solutions.
- Founders Fund: Venture capital company known for major investments in Silicon Valley. The investment in Nubank was first disclosed in South America.
- Sequoia Capital: Also original to California. It made its first investment in the country to the FinTech of its former employee, David Vélez (Founder and CEO of Nubank).
- Tiger Global Management: The New York firm manages hedge and private equity funds. It invests in companies of diverse segments globally.
- Kaszek Ventures: Argentina Kaszek specializes in growth capital and early-stage companies.
- QED Investors: Private equity and venture capital specializing in growth capital investments. It is based in Virginia, United States.
2. Creditas (formerly BankFacil) — Total: BRL 90 million
The Creditas digital credit platform is focused on secured loans. It has more than 3.5 million customers in the country and received approximately BRL 90 million in contributions from the last two years. In addition, it had an initial investment of BRL 3 million in 2013, made by the Brazilian fund Napkn Ventures, Rockaway Capital (Czech Republic risk fund) and angel investors. See who has invested in Creditas:
- International Finance Corporation (IFC): Member of the World Bank for private equity and venture capital.
- Naspers FinTech: FinTech financing arm of Naspers, a global entertainment and Internet company present in 130 countries.
- RedPoint e.Ventures
- Kaszek Ventures
- Quona Capital: Venture capital company for initial growth, focused on investing in financial technology in emerging markets.
- QED Investors
3. GuiaBolso — Total: BRL 90 Million
GuiaBolso received approximately BRL 90 million in four investment rounds. In the first round, in addition to e.Bricks Early Stage and Value Capital, six individual investors participated. See who invested in GuiaBolso:
- International Finance Corporation (IFC)
- Kaszek Ventures
- Ribbit Capital
- QED Investors
- Omidyar Network: A private equity and venture capital firm specializing in early-stage investment and growth, focusing on social change through advances in sectors such as the economy. Headquartered in California, it invests in for-profit and not-for-profit companies around the world.
- E.Bricks: Brazilian venture capital platform founded in 2013. It invests in several sectors including FinTech.
- Valor Capital: Venture capital company with a presence in Brazil and the United States. It has invested in three FinTechs, of which two are Brazilian.
In addition to the funds cited above, Brazilian company Monashees is worth mentioning. It invests in Internet companies in the embryonic stage. Among the FinTechs in its portfolio, there are ContaAzul, Magnetis and Kitado.
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