Brazilian fintech Onze raised $20M in a funding round led by Ribbit Capital, with participation from Atlantico and Red Ventures.
Onze provides corporate pension and financial wellness solutions, helping companies offer private pension plans, financial check-ups, and personalized programs to improve employee financial well-being.
Onze will use the funds to grow its client base, create credit solutions backed by pension assets, and make its platform easier to adopt for medium and large businesses.
“While in the United States most companies offer social security as a benefit to employees, in Brazil this number does not exceed 5%. It’s a market that’s still dominated by the banks, who have more than 95% share. We are determined to make corporate pensions a market standard, combining technology, well-being, and long-term planning,” said Antonio Rocha, CEO and co-founder of Onze.
Founded in 2020, Onze doubled its client base and assets under management in 2024, surpassing $650M in AUM, and its clients include companies like Dell, Tim, and Grupo OLX.
Read more on Brazil Journal.