Brazilian fintech Grupo Bloxs raised an undisclosed amount from neobank BS2. The funding comes 4 years after Bloxs’s $683k Seed round led by Bossa Invest, and it was structured as a secondary transaction to prepare Bloxs’s cap table for a Series A later in 2024.
Bloxs will use the funds to further develop its Capital Market As a Service (CMaaS) platform. The funding seals a partnership to serve BS2’s clients with Bloxs’s credit products, making capital markets accessible to SMBs in Brazil.
Bloxs’s digital ecosystem connects investors and issuers in the capital markets, digitizing the stock and debt issuance process through its platform.
“We’ve gained not only a heavyweight investor to accelerate our technological innovation journey, but also a partner with expertise in the development and provision of banking products, adding a competitive advantage to Bloxs Capital Partners,” said Felipe Souto, founder and CEO of Grupo Bloxs.
The investment announcement comes days after Bloxs obtained authorization from Brazil’s Securities Commission (Comissão de Valores Mobiliários) to act as a public offer coordinator.
