QI Tech, a São Paulo, Brazil-based financial services infrastructure provider, raised an undisclosed amount in Series B extension funding.
Backers included General Atlantic, as well as Across Capital.
The company intends to use the funds to expand operations and its business reach.
Led by Pedro Mac Dowell, Founder and CEO, QI Tech is a one-stop-shop platform for financial, credit, banking, and anti-fraud services. With both SCD and DTVM licenses granted by the Brazilian Central Bank, it provides all the technological infrastructure for its clients and partners to monetize and engage their ecosystem of stakeholders. The company combines an intelligent platform with all regulatory compliance, so its clients can offer payment and credit services securely and in a way that best fits their business model.
Following the extension, QI Tech has achieved unicorn status, six months after raising its US$200M Series B round in October 2023.
Commenting on the news, Pedro Mac Dowell said: “QI Tech is taking intentional, strategic steps to support our expansion and create a comprehensive suite of financial infrastructure products that better address client needs. Achieving unicorn status is reflection of the hard work and collaboration of every member of our team, and we deeply appreciate the continued trust and support of General Atlantic and our investor base.”
FinSMEs
25/04/2024