Financial underwriting platform a55 raised an undisclosed amount from payment orchestrator Paysecure. The investment comes after a55’s $16M Series B in January 2022.
a55 will use the investment to expand its credit and advance portfolio to over $65M, to orchestrate over $40M in payments annually, and to expand its banking and credit offers to a global audience, starting with SMEs in Latin America.
a55 helps businesses with recurring revenue access liquidity through working capital loans, cash advances, and a billing and conciliation solution powered by AI.
“The funds will enable us to provide advanced financial services and credit solutions. Additionally, part of the investment will be used to acquire software licenses for utilizing various payment methods, which will be crucial for expanding our offerings in LatAm. This capital injection, along with Paysecure’s expertise, will further enable us to advance our mission of supporting small businesses with the necessary financial resources,” said André Wetter, co-founder and CEO of a55.
Founded in 2017, a55 has granted over $90M in credit to 1,000+ Brazilian and Mexican businesses.
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