Here are the highlights on Brazil’s tech and business scene in October:
Swap, a São Paulo-based BaaS startup, announced it has raised $25 million in a Series A led by Tiger Global Management.
Swap aims to empower companies to transform their financial operations via its APIs.
CEO of retail giant Magazine Luiza Frederico Trajano’s “startup buying spree”. The company has acquired 20 smaller firms over the past year.
Tarken, a grain trading startup that connects grain buyers and sellers announced a US$ 3.5 million seed round co-led by Monashees and Maya Capital.
InfoPrice, startup focused on pricing research and intelligence, has received a R$15 million investment from Indicator Capital, TM3 Capital.
EBANX announced the acquisition of Juno, a Brazilian payments company that enables digital commerce through billing and banking services in the country. The terms of the deal were not disclosed.
Pipefy, a “low-code” workflow management SaaS startup, raised a $75 million Series C funding.
SoftBank Latin America Fund led the financing with a $50 million contribution. Steadfast Capital Management, Insight Partners and Redpoint eventures also joined the round.
The technology company CI&T has published IPO prospectus at SEC, disclosing its request to go public in the United States. The goal is to raise at least $200 million on Nasdaq.
The cloud-based SaaS ERP platform Omie raised Series C round extension with Tencent. The funding is an extension of the R$580 million Series C round led by SoftBank Latin America Fund. Omie did not disclose the round size.
Global VC firm Ribbit Capital leads yet another round in a Brazilian startup.
Hash, a payments infrastructure fintech, raised a $40 million Series C from QED Investors, Kaszek and others.
Pismo, Brazilian fintech that offers cloud-based financial services, secured a $108 million Series B funding round led by SoftBank, Amazon.com Inc and global venture capital firm Accel.
ZAX raised US$ 6 million in Series A funding in a round led by Atlantico and included FJ Labs, Caravela Capital, GFC and Canary. GFC and Canary each led one of ZAX’s previous investment rounds.