Get the latest tech news
Conta Simples grabs another $41.5M for its expense management approach in Brazil
Conta Simples ended the year reaching breakeven and obtained a license from the Brazilian Central Bank) to operate as an Direct Credit Society.
Base10 Partners led the round and was joined by Conta’s Series A investors, including Valor Capital, Jam Fund, Y Combinator, Big Bets, Broadhaven and DOMO. The new funding comes as company executives Rodrigo Tognini, CEO, and Taeli Klaumann, CFO, tell TechCrunch that 2023 was the “best year” for Conta Simples. To date, Conta Simples has 30,000 active users and has issued 500,000 physical and digital corporate credit cards for a total payment volume of R$18 billion, or roughly $3 trillion, Tognini said.
Or read this on TechCrunch
