Brazilian accountant platform Accountfy has reportedly secured $6.5m in its latest funding round which was led by RedPoint eventures and HDI Seguros.
The platform, which is available in Brazil, Mexico, Uruguay, Chile and Colombia, is looking to use the capital to expand into Europe, according to a report from Coverager.
Accountfy aims to help businesses optimise their financial performance with tools that help them to better understand their figures. Its technology supports accounting, planning, management and finance collaborators.
The product suite of Accountfy includes automated financial statements, trial balance, financial reports, P&L statements, direct and indirect cash flow, budget planning, forecast, dashboards, consolidated accounting and financial presentation.
Accountfy CEO and co-founder Goldwasser Pereira Neto told Coverager, “We are firmly committed to democratizing high-level financial management for any company and providing a comprehensive service platform for financial management. We want to be the right arm of the CFO.”
Last month, fellow Latin American FinTech platform ADDI scored $15m in a funding round which was led by Quona Capital.
Since 2015, there has been $2.7bn invested into FinTechs based in Brazil. WealthTech companies have received the largest share of this, with 50.6% of the total funding capital going to these businesses.
Marketplace lending is the second biggest FinTech segment in Brazil, with 24% of the equity invested going to the sector.