Asaas October 2024 Series C Funding Round

«Our idea is to continue focusing only on Brazil until the IPO because we still have a large market to conquer here. Once we go public and have more liquidity, our idea is to take up the subject of internationalization.» Piero Contezini.

«Our idea is to continue focusing only on Brazil until the IPO because we still have a large market to conquer here. Once we go public and have more liquidity, our idea is to take up the subject of internationalization again.» Piero Contezini.

Asaas is a Brazilian fintech founded in 2010 by brothers Piero and Diego Contezini. The company specializes in offering automated financial solutions for small and medium-sized enterprises (SMEs) in Brazil, providing a platform that facilitates the management of payments, invoicing, and other digital financial services. In its latest Series C funding round, Asaas raised approximately USD 165 million, led by BOND, with the participation of SoftBank and 23S Capital.

The company has ambitious plans to use this funding. It will be used to expand the company’s operations, boost R&D efforts, and the startup plans strategic acquisitions that will allow it to expand its solutions portfolio and accelerate growth. The plan is to use one-third of the funds to strengthen its Basel index, which will allow it to greatly accelerate business growth; another third for development, with the hiring of software engineers; and the rest for mergers and acquisitions.

"We are witnessing another extremely important milestone for Asaas. The participation of leading investors such as BOND and Softbank will accelerate our growth and strengthen our market position. Our M&A strategy will gain momentum, and the technological evolution and market expansion that this investment will enable is essential to pave our path of growth towards an initial public offering, which will be made soon, Piero Contezini.

«Our idea is to continue focusing only on Brazil until the IPO because we still have a large market to conquer here. Once we go public and have more liquidity, our idea is to take up the subject of internationalization.» Piero Contezini.

The involvement of investors such as SoftBank and 23S Capital not only brings capital but also provides important strategic backing for Asaas. These firms see great potential in the fintech market of Brazil, especially in the SME segment, where demand for digital financial solutions has grown rapidly. The investment in Asaas underlines the confidence in the startup’s ability to scale and consolidate as a key player in this space.

Asaas' approach is based on the automation of financial processes for SMEs, using tools that facilitate invoicing, collection, and issuance of banknotes and digital payments. Through its platform, Asaas seeks to simplify financial tasks for companies, reducing bureaucracy and increasing efficiency. It aims to democratize access to advanced financial services, traditionally reserved for large corporations.

In the future, the company intends to define its business category, initially called Business Operating System, with a focus on the complete convergence of various technological and automation solutions with a wide range of financial services needed for the operation of SMEs in Brazil and possibly worldwide.

The support of large investors is a significant milestone for Asaas, not only in terms of financial growth but also to increase its credibility in the market. This investment strengthens its ability to expand rapidly and continue developing innovative solutions for SMEs. In the Brazilian market, this financial support allows it to consolidate as one of the leading fintech platforms, positioning it for continuous and solid growth.