Brazilian fintech Kanastra raised an undisclosed amount from Kinea Ventures, Itaú’s CVC fund. Itaú is a customer of Kanastra. The funding comes after their Series A round in June 2024.
Kanastra is a tech-enabled capital markets infrastructure provider that offers management and custody of securities, issuance of securitized assets, and ancillary services like escrow accounts.
“In our business, market trust is essential, (and Itaú’s entry) strengthens our position in the market,“ said Gustavo Mapeli, Canastra’s Co-Founder and CEO.
Founded in 2022 by former Gustavo Mapelo (former employee of BNP Paribas, BCG and Softbank) and Manuel Netto (former employee of ZX Ventures, AB Inbev’s innovation hub), Kanastra serves over 160 customers, including Itaú, XP, Banco BV, and Pátria. In 2024, Kanastra raised a $20M Series A round led by Kaszek.
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