Brazilian startup Conta Simples raised $41.5M in a Series B round led by Base10 Partners, with the participation of Valor Capital, Jam Fund, Y Combinator, Big Bets, Broadhaven, and Domo. TJ Nahigian, Managing Partner at Base 10, joined the company’s board of directors as part of the deal.
The funds will be used to grow the team, acquire larger clients, and product development.
“Some big companies, not only in Brazil, but all countries, are not well served with expense management (…). As a Direct Credit Society, we can offer other products such as financing, credit rights, and buy now, pay later; evolve the credit card product; and offer other services within our platform,” said Taeli Klaumann, CFO of Conta Simples.
Conta Simples is a platform that helps companies manage their expenses and offers corporate credit cards.
Founded in 2018, Conta Simples has 30,000 and achieved break even in 2023.
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