Brazilian fintech Ume raised $96M through an FIDC. Itaú, Bradesco, Augme, Milenio, Verde, and Credit Saison participated in the transaction.
Ume provides credit infrastructure that allows retailers, marketplaces, and service companies to offer financing to consumers. Its AI-powered platform handles credit analysis, pricing, collections, customer service, and access to capital.
Ume estimates the new funding could generate more than $192M in additional revenue for its partners.
Ume operates in 10,000 points of sale and serves about 4 million consumers across Brazil.
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