a55, a Brazilian fintech, announced a $16M Series B funding round led by Móvile. Mouro Capital, a firm focused on tech innovation, also participated in the round.
a55 offers lending solutions to SMEs in Mexico and Brazil. The platform uses smart technology to assess a company’s credit history and make offers based off of their spending and credit data.
The fintech currently supports over 500 companies with its credit solutions. With the new funding, a55 plans to further increase the company’s reach with new talent hires and accelerated growth in the region.
The platform raised its Series A funding round in May last year.
