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Brazilian Fintech Blipay received US$6.7M to expand salary anticipation business

March 1, 2023
Por
Fintechsbrasil
Fintechsbrasil
Notícias e negócios
📷
FintechsBrasil
According to the fintech, the resources should allow it to expand the credit line where it operates, the anticipation of salaries of company employees.
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The forecast is to serve 300,000 customers and reach R$ 500 million in the next two years. In the plans, it is also expanding the offer of products to other categories.

"We were born in 2022, and the operation already brings good results; our platform has very high recurrence, which allows us to create strong ties with our customers and distribute new products," says, in a statement, Felipe Ziliotti (photo), founder and CEO of Blipay. "With this new partnership, we have everything to fly higher. We want to continue innovating and expand our customer base. This year will be challenging for most fintechs and being capitalized is fundamental for us to gain market share," says Rodrigo Nakaura, co-founder of Blipay.

Blipay has already received funding from Flash Ventures, the pre-seed investment arm of the giant Global Founders Capital (GFC).

The amount that SRM is making available to the fintech will be fully allocated to the salary anticipation product. "Even new to the market, Blipay impressed us with its operation, technology and founding team. We analyzed the fintech very well and realized the great potential it has. We want to help the company offer this product, and stimulate this expanding market in Brazil," says André Szapiro, Head of SRM Ventures.

SRM Ventures is a Venture Capital focused on fintechs, which is part of the SRM Group, a company specialized in receivables investment funds (FIDCs). Recently launched in the market, the Venture Capital intends to have 20 to 25 finance startups in its portfolio of investees until the end of the first quarter of 2023.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

The forecast is to serve 300,000 customers and reach R$ 500 million in the next two years. In the plans, it is also expanding the offer of products to other categories.

"We were born in 2022, and the operation already brings good results; our platform has very high recurrence, which allows us to create strong ties with our customers and distribute new products," says, in a statement, Felipe Ziliotti (photo), founder and CEO of Blipay. "With this new partnership, we have everything to fly higher. We want to continue innovating and expand our customer base. This year will be challenging for most fintechs and being capitalized is fundamental for us to gain market share," says Rodrigo Nakaura, co-founder of Blipay.

Blipay has already received funding from Flash Ventures, the pre-seed investment arm of the giant Global Founders Capital (GFC).

The amount that SRM is making available to the fintech will be fully allocated to the salary anticipation product. "Even new to the market, Blipay impressed us with its operation, technology and founding team. We analyzed the fintech very well and realized the great potential it has. We want to help the company offer this product, and stimulate this expanding market in Brazil," says André Szapiro, Head of SRM Ventures.

SRM Ventures is a Venture Capital focused on fintechs, which is part of the SRM Group, a company specialized in receivables investment funds (FIDCs). Recently launched in the market, the Venture Capital intends to have 20 to 25 finance startups in its portfolio of investees until the end of the first quarter of 2023.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

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Segmento:
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País de origen:
Headquarters:
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Monto inversión:
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Ronda financiación:
Debt Financing
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