Warren, a Porto Alegre, Brazil-based digital brokerage company, raised Reais 120M in Series B funding.
The round was led by QED Investors with participation from Kaszek Ventures, Chromo Invest, Ribbit, MeLi, WPA and Quartz.
Founded in 2017 and led by Tito Gusmão, CEO, Warren offers clients a digital platform that provides investment advice alongside the ability to self-service investment products. Warren charges a flat fee on AUM.
The company intends to use the funds to continue hiring staff and recruit 80 additional collaborators by the end of this year, develop new solutions for Warren for Business – a white label platform, offering products and services such as insurance, private pension plans and financial planning to help partners build their business. In over three years of operation, the company has reached 130,000 clients and secured two billion Reais in managed assets. The platform offers 400 products, including seven funds managed by Warren itself.