Brazilian fintech DEX raised $1.8M from Grupo Loc in an operation structured by Pulse Capital. DEX can raise an additional $9M if it reaches certain growth metrics, which were not disclosed.
Dex provides financial and technology solutions for the events and food service sectors, including self-service kiosks, NFC-based cashless systems, integrated management platforms, and credit and receivables anticipation.
DEX will use the funds to expand in Brazil, enhance DEX’s technology, and provide anticipation of receivables.
Founded in 2021, DEX operates in 20 out of 27 states in Brazil and processes over 46M transactions a year.
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