QI Tech raises $200M in Series B round.

QI tech logo

Brazilian fintech QI Tech raised $200M in a Series B round led by General Atlantic with the participation of Across Capital.

The funds will be used to grow and explore strategic M&A deals.

“We plan to accelerate our growth through acquisitions. The capital will finance a few transactions that can help increase our product offering or consolidate a vertical presence,” said Pedro Mac Dowell, Founder and CEO of QI Tech.

QI Tech is a banking-as-a-service platform that enables companies to bank-like financial solutions such as loans, digital accounts, and transfers. Because it holds a type of bank charter, QI Tech equips its customers with technology and banking product offerings.

Founded in 2018, the fintech serves over 300 customers, employs 120 people, and reported $21.2M in net revenues in the first semester of 2023.

Read more on TechCrunch

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