Educbank raises $14.2M to drive financial innovation in Brazilian education

Educbank secured $14.2M in their first debenture offering, managed by Itaú BBA.

The funds raised will support Educbank’s accelerated growth, further strengthening its position in the market and facilitating the development of new products to enhance the educational experience within Brazil. 

Educbank is a financial platform committed to revolutionizing education in Brazil by providing financial support to the education sector.

“Education is a long-term investment without quick fixes. Our mission is to make a positive impact on it. With market confidence, including that of DCM, we will responsibly expand our reach and mission to empower high-potential schools, driving transformative change in Brazilian education,” said Danilo Costa, Educbank’s founder.

Since the year 2020, Educbank has grown with a steady 20% monthly expansion rate. By the end of the year, the organization expects to manage over $204M in school payments, and within four years, to reach 25% of Brazil’s potential market, partnering with 10,000 schools to transform Brazilian education.

Read more on Startupi.

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