The capital injection announced on Monday, January 30, took place through the extension of the Series A round, made in September 2021. At the time, the startup raised R$ 27 million from Kinea Ventures, Itaú's corporate venture capital fund. Shift Capital, which had already invested R$9 million in the seed round, also participated in the round.
"At that time, we didn't consider raising more money in an extension of the round or in a series B," Fabian Valverde, founder and CEO of Paketá, tells NeoFeed. "IOB was already a partner of ours and we were designing a project to bring credit to their clients. That's when we received the invitation to become partners.
The financial reinforcement will be used so that the company can expand its service capacity. The money will be invested in marketing, sales, and technology. Although there is a possibility that part of the capital will be reserved for M&As, Valverde says this is unlikely to happen.
The new investment comes to complement an expansion strategy that became clearer at the end of last year. In December, NeoFeed exclusively reported that the startup had raised a R$300 million FIDC from Milenio Capital to expand its lending capacity.
At the time, the company served 1,100 customers, resulting in just over 300,000 employees eligible for the loan. The new line of credit would allow this number to rise to 2 million employees. For 2024, Paketá's goal is to reach surpass the barrier of 10 million employees eligible for the credit.
Founded in 2018 in São Paulo, Paketá bets on a business model focused on private payroll loans. In practice, the fintech releases between two and three salaries of credit according to the longevity of the employee in the company that is its client. The rates are pre-fixed and vary between 1.8% and 3.2% per month.
With the growth of the operation, Paketá expects to reach breakeven already in August this year. The company does not reveal revenue figures, but says that its credit portfolio increased from R$ 57 million to R$ 204 million in the last year.
Paketá is not the only startup betting on this market. Among the rivals are companies like Creditas, which bought Creditoo in 2019, and Meu Tudo, invested by Domo Invest and that last year signed an agreement with Goldman Sachs to count a financing line of R$ 2.1 billion.
The capital injection announced on Monday, January 30, took place through the extension of the Series A round, made in September 2021. At the time, the startup raised R$ 27 million from Kinea Ventures, Itaú's corporate venture capital fund. Shift Capital, which had already invested R$9 million in the seed round, also participated in the round.
"At that time, we didn't consider raising more money in an extension of the round or in a series B," Fabian Valverde, founder and CEO of Paketá, tells NeoFeed. "IOB was already a partner of ours and we were designing a project to bring credit to their clients. That's when we received the invitation to become partners.
The financial reinforcement will be used so that the company can expand its service capacity. The money will be invested in marketing, sales, and technology. Although there is a possibility that part of the capital will be reserved for M&As, Valverde says this is unlikely to happen.
The new investment comes to complement an expansion strategy that became clearer at the end of last year. In December, NeoFeed exclusively reported that the startup had raised a R$300 million FIDC from Milenio Capital to expand its lending capacity.
At the time, the company served 1,100 customers, resulting in just over 300,000 employees eligible for the loan. The new line of credit would allow this number to rise to 2 million employees. For 2024, Paketá's goal is to reach surpass the barrier of 10 million employees eligible for the credit.
Founded in 2018 in São Paulo, Paketá bets on a business model focused on private payroll loans. In practice, the fintech releases between two and three salaries of credit according to the longevity of the employee in the company that is its client. The rates are pre-fixed and vary between 1.8% and 3.2% per month.
With the growth of the operation, Paketá expects to reach breakeven already in August this year. The company does not reveal revenue figures, but says that its credit portfolio increased from R$ 57 million to R$ 204 million in the last year.
Paketá is not the only startup betting on this market. Among the rivals are companies like Creditas, which bought Creditoo in 2019, and Meu Tudo, invested by Domo Invest and that last year signed an agreement with Goldman Sachs to count a financing line of R$ 2.1 billion.