Here are the highlights on Brazil’s tech and business scene in September:
A lot has changed since the Nubank, one of the best-funded startups in Brazil was founded five years ago. The fintech scene went from a handful of companies to about 400 startups countrywide, with many focusing on digital banking.
Fintech BizCapital, which offers loans to micro and small companies, raised R$ 20 million from Quona Capital and the Monashees and Chromo Invest funds.
Brazil’s for-profit education company Arco Platform raises $220 million in IPO
Digital Realty to buy Brazil-based data center provider Ascenty in a $1.8 billion deal, to sell 8.5 million shares to the public.
Omiexperience, a cloud management software for small and medium companies, has just received R$ 25 million, led by the Brazilian fund Astella.
Neoway prepares IPO with cross-listing on Nasdaq and B3. The goal is to be listed until March 2020.
The tech industry in Brazil creates over 1,3 million jobs and according to Softex, more than 48,000 people are needed to fill open vacancies but organizations just cannot find enough professionals. According to Softex, failure to close that gap might result in losses to local companies of US$28 billion by 2020.
Yellow, a bike- and scooter-sharing service, the company announced the close of a US$63 million Series A investment led by GGV Capital. The company also received a $12.3 million seed round in April.
Monashees and XP invested in Rebel, a personal loan fintech. J. Malucelli and Point Break Capital also participated in the round. The amount of the investment was not disclosed, but the fintech has already raised a total of R$ 20 million.
Flávio Pripas, Cubo director, talked to Época Negócios during the Conference Brazil – In the 21st Century, promoted by BayBrazil. According to Pripas, the startups in Brazil and Silicon Valley are “slow” when compared to startups in the Chinese ecosystem.
Movile can exceed the market value of US $ 1 billion in an expected IPO and enter the group of Brazilian unicorns. Recently, the company raised US$ 124 million.
Oikocredit, Fiinlab and Vox Capital made an undisclosed Series C investment in Avante, a Brazilian fintech offering microcredit and mobile point of sale to micro-entrepreneurs.
Prosegur Tech Ventures leads the second round of investments in Concil, a fintech focused financial management services. The total invested is R$ 15 million and Prosegur is responsible for R$ 12 million. The other shareholders are DGF Investimentos and SP Ventures, funds that made the first round of investments.