Brazilian fintech Asaas raised $18.5M through its third Credit Rights Investment Fund (FIDC) coordinated by Itaú BBA, with participation from Bradesco BBI, and managed by Kanastra. This FIDC follows Asaas’ Series C round in 2024.
Founded in the 2010s in Joinville, Santa Catarina, by brothers Piero and Diego Contezini, Asaas provides financial solutions for small and medium-sized businesses (SMBs). More than 210,000 clients use its products, including digital accounts, payment links, cards, boleto issuance, and management tools.
The funds will allow Asaas to offer faster and more cost-efficient anticipation of credit card receivables.
Asaas projects more than $185M in revenue by 2026 and expects to generate over $365M by 2027, positioning itself for a potential IPO by 2028.
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