Brazilian neobank BS2 announced they have launched a $16M corporate venture capital (CVC) fund to invest in early-stage startups across Brazil.
Starting in 2025, BS2 will invest in startups developing solutions in fintech, payments, and financial infrastructure, aiming to complement its core services.
Before launching the fund, BS2 invested $645K in fintech Somos Young and $807K in the Capital Market As a Service (CMaaS) platform Grupo Bloxs. With the new fund, BS2 aims to support up to 20 startups that align with its platform to enhance products and services.
“We’ll invest in startups that are raising seed rounds through Series A, and we will invest to get at least 10% of a stake in each company,” said Juliana Pentagna Guimarães, Executive Director of Corporate Development at BS2.
Founded in 2017, BS2 offers digital banking solutions for corporate clients and SMBs, including payments, credit, foreign exchange, insurance, and international accounts.
Read more on LatamFintech Hub.