Brazilian fintech Makasí raised $21M in a debt round with undisclosed investors. The funding follows a $19M corporate bond financing in December 2024, totaling $40M in debt funding in 6 months.
Makasí provides credit, financial management tools, and banking services for small and mid-sized construction companies, helping them cover upfront project costs and manage cash flow more efficiently.
Makasí will use the funds to launch a new credit line for builders in the Minha Casa, Minha Vida (MCMV) program, a government initiative to provide affordable housing to low and low-middle income families, and to fund housing developments outside of the typical credit timelines offered by Brazil’s public bank Caixa Econômica Federal.
“The bureaucracy and lack of speed of traditional financing create challenges for developers, who often face large cash exposures throughout the construction process. We want to mitigate this risk and ensure that the necessary capital is available at the right time,” said Caio Bonatto, CEO and co-founder of Makasí.
Founded in 2023, Makasí has financed the construction of over 2,800 homes in 19 Brazilian states and has approved more than $60M in credit to date.
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