Caju Benefícios, a flexible benefits management platform, has secured $25m from a Series B funding round.
The round was led by K1 Investment Management and saw participants ranging from Valor Capital Group, FJ Labs, Clocktower Ventures and Caravela Capital.
Caju claims its mission is to transform companies’ HR functions through technology. Currently, Brazilian labour law requires employers to provide monthly benefits to employees – demonstrating the vitality of Caju to the Brazilian workforce.
The company claims the thousands of companies currently use Caju’s solutions to offer a variety of benefits to their workers and hundreds of thousands of individuals use Caju’s card.
Caju claims it has seen ‘significant growth’ in the past year and has started this year with 70 people employed – the company has now doubled its headcount to 190. The firm plans to expand its bench further to further its mission to reach one million users by the end of the year.
With the new funding, Caju plans to increase the efficiency of its solutions and invest in developing new products for the HR segment in Latin America. The firm also plans to expand its offerings to enterprise customers without detriment to the personalised service it provides to existing clients.
Caju Benefícios CEO and founder Eduardo del Giglio said, “Our main growth strategy has always been based on our superior technology and product. We’re excited to partner with K1 to sustainably scale up our product offerings and focus on quality, usefulness, and excellence in the services we provide.”
Pezesha, a Pan-African embedded finance firm, has raised a pre-series A investment of $11m.
The round was a mix of $6m in equity and $5m in debt and was led by Women’s World Banking Capital Partners.
Pezesha claims it offers a B2B digital lending infrastructure that is focused on providing affordable working capital to financially excluded SMEs in Sub-Saharan Africa.
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