Brazilian fintech Asaas acquired Brazilian digital insurance broker Mutuus. Mutuus will continue to operate independently, while Asaas will distribute insurance products through its platform.
Asaas offers financial and payment infrastructure for small and medium-sized businesses, including billing, collections, and financial management. Mutuus is a digital insurance broker that distributes and manages insurance products online, handling quotation, contracting, and customer support through digital channels.
With the acquisition, Asaas adds insurance distribution as a new vertical within its platform.
“Being well positioned at this early stage (of industry innovation) represents a strategic advantage for capturing long-term value. This allows us to accelerate the launch of innovative products, strengthen our competitive position, and move initiatives forward,” said Asaas’ New Ventures VP Pedro Rocha.
Founded in 2010, Asaas has over 240K clients in Brazil. In August 2025, Asaas raised $18.5M in FIDC. This is the fourth Asaas acquisition in five years.
Read more on Finsiders Brasil.
