Brazilian fintech V360 raised a $7M Series A led by Cloud9 Capital. Honey Island by 4UM, Carpa, and Allievo also participated in the round.
V360 started as a SaaS platform for automating invoice entry and management and has since evolved into a full-service solution for supplier payment processing, trade receivables anticipation, and electronic receivables management.
V360 will use the funds to strengthen its position in the electronic trade receivables market, expand its management of electronic trade receivables, and leverage new regulations expected to benefit the Brazilian financial ecosystem.
“We are very excited because this is a huge market that is still underexplored. The trade receivables market can generate around $2.5T per year in Brazil,” said Rafael Serson, partner at Cloud9 Capital.
Founded in 2019, V360’s clients include Raízen, Vale, and Caixa Econômica Federal.
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