Brazilian fintech Asaas secured $150M in a funding round led by BOND. Softbank and 23S Capital also participated in the round.
Asaas plans to allocate one-third of the funds to strengthen its basel AML Index. Another third for development, and the remainder for mergers and acquisitions.
Asaas has made three acquisitions in recent years, all to add new products to its portfolio. The most recent was NexInvoice, which offers software for automating accounts payable. “With upcoming acquisitions, our goal is to continue with this product profile. In the SME sector, it is difficult to make portfolio acquisitions because, in most cases, customers cancel accounts during the transition,” explains Asaas founder Piero Contezini.
Asaas is an all-in-one solution that provides corporate accounts for SMEs, offering automation and management tools. Currently, it has 170K customers and aims to reach $200M in revenue by 2026.
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