Brazilian startup StopClub, which offers tailored solutions to app drivers and delivery workers, raised $1.2M in a round led by Redpoint eventures. Raio Capital also participated in the round.
StopClub’s platform offers gig workers, such as app drivers and delivery workers, tailored security and financial solutions, offering products such as QR code payments, secret cameras for driver security, and audio rooms and location sharing for a network of drivers. Customers can also access a marketplace where partners offer products such as insurance and loans.
StopClub will use the funds to expand geographically and to relaunch StopClub Bank, a service that provides financial solutions to drivers and delivery workers.
“We aim to centralize our clients’ financial transactions and offer credit to those who do not always have access to it through traditional channels. Bringing the financial transactions of our users to our ecosystem is crucial to our plans,” said Luiz Gustavo Neves, Co-Founder and CEO of StopClub.
Founded in 2017, StopClub has over 230,000 users in 1,000 cities in Brazil.
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