BizCapital adds $3.55m in new capital

Brazilian FinTech BizCapital has raised $3.55m in a new funding round led by Dutch investor Oikocredit with the participation of the group Wharton Alumni Angels.

Oikocredit, which specialises in investing in businesses with a social impact, approached fintech due to its work to facilitate credit for small entrepreneurs in Brazil.

The online loans provider will complement the $12m Series B round BizCapital raised in June, according to Exame.

Quona Capital, Monashees, Mercado Libre Fund, KFW DEG and Chromo Invest all participated in the Series B round.

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