Capital markets infrastructure firm Kanastra bags $13m in seed raise


Kanastra, a FinTech company in Brazil’s capital markets infrastructure landscape, recently announced a significant financial milestone.

The innovative firm has successfully raised a robust $13m in a seed round investment. This funding represents one of the most considerable seed-stage investments seen in Latin America. A coalition of influential investors led the charge, with Valor Capital and Quona Capital at the forefront.

Other notable contributors included QED Investors, Actyus, Collaborative, Crestone, Grão, Endeavor, Clocktower, Latitud, and Norte. A number of Latin American company founders also joined the round, including those from Creditas, OpenCo, CERC, Guiabolso, Conta Simples, and Hasdex.

Offering a revolutionary tech-driven solution, Kanastra has been redefining the capital markets infrastructure scene since its foundation in 2022. The firm brings to market a streamlined and fully integrated platform that simplifies debt facilities for both originators and investors.

The Kanastra platform handles a broad spectrum of services from fund administration to debt issuance, freeing up clients from spreadsheet management, complex documents, and legacy systems. The automation and modern integrations provided by Kanastra offers data availability and a plethora of features that enhance the lending experience.

The newly procured funding will bolster Kanastra’s mission. The firm aims to further streamline the journey for originators and institutional investors by consolidating the required services for operating private credit funds and securitisations on a single tech platform.

Gustavo Mapeli, co-founder of Kanastra and former member of SoftBank and the Boston Consulting Group, together with Manuel Netto, formerly of ZX Ventures, were instrumental in establishing the company. They formulated the concept based on personal experiences and frustrations encountered while leading Kardinal, an asset management firm in Brazil. Recognising a gap in the market for effective service providers and infrastructure for their private asset investment facilities, they created a Minimum Viable Product (MVP) and found that it could offer a solution to the market’s prevalent issues.

Gustavo Mapeli stated, “This round will enable us to pursue our strategy of consolidating the necessary services for operating private credit funds and securitisations on a single tech platform, streamlining the journey for originators and institutional investors, making it a seamless, more efficient, and cost-effective experience.”

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