Brazilian fintech Kanastra raised a $30M Series B funding round led by F-Prime. Previous investors Kaszek, Valor Capital, Quona Capital, the IFC, and Itaú also participated in the round.
Kanastra provides capital markets infrastructure and services for private credit funds. The fintech’s integrated digital platform offers fund management, securitization, banking services, and credit operation software to banks, private credit funds, investment management companies, and credit originators.
Kanastra will use the funding for product development and to improve automation services across the credit fund lifecycle. With the increasing popularity of private credit financing in Brazil, Kanastra is also looking to expand its client base.
The fintech has grown by 150% in the past 12 months and includes some of Brazil’s largest banks as customers and investors.
“With private credit in Brazil compounding at double-digit rates, operational and tech demands are growing increasingly complex as both the market and the structures get more mature. Kanastra provides infrastructure to abstract that complexity away so our clients can focus on their core activities,” said Gustavo Mapeli, co-founder and CEO
The Series B follows an undisclosed founding round and a $20M Series A round in June 2024.
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