LatamList – Ideal, a Brazilian digital broker, raised an $18M (R$100M) Series A funding round led by Kaszek Ventures. The deal awaits approval from the Brazilian Central Bank, with investors taking a minority shareholder stake in the broker.
Ideal is an independent brokerage service that connects investors to the finance industry and marketplaces. The platform offers financial intermediation and market data solutions, among other services.
Despite only launching in 2019, the startup is already among the three largest Brazilian brokers in traded volume. The new funding will enable the company to grow its customer base and further develop technology and products in new sectors.
āOur initial model has quickly proven to be effective and we have consistently been profitable. The goal of raising capital is to accelerate our growth process and enter new lines of business, in industries where we see potential for efficiency and scale gains through the adoption of our technology,ā said Lucas Cury, COO at Ideal.
Ideal is now looking to the retail market to develop and launch new products to aid retail investors in business.
āWe are currently developing our project for retail investors, always mindful of our mission: to provide the best tech infrastructure, to empower customers, and to eliminate conflicts of interest by creating a win-win mindset that benefits clients and the service provider. Our achievements so far have shown that our vision is correct,ā said Nilson Monteiro, CEO at Ideal.
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