Asaas, a Joinville-based FinTech firm, has successfully secured R$820m in its Series C funding round.
According to FinSME, the investment was spearheaded by BOND, with notable contributions from Softbank, 23S Capital, and Endeavor Catalyst.
Operating out of Santa Catarina, Brazil, Asaas specializes in financial automation solutions aimed at SMEs. The company offers a comprehensive digital account that simplifies financial management by automating processes, boosting productivity, and minimizing bureaucracy for businesses of all sizes throughout Brazil.
The fresh capital will be used to bolster operations, enhance its research and development capabilities, and pursue inorganic growth through strategic acquisitions. These steps are designed to rapidly diversify and enrich Asaas’s solution offerings.
Additionally, Asaas plans to expand its sales and marketing teams to strengthen its market presence and penetrate new regions globally. This expansion is part of its broader strategy to serve over 1 million digital accounts held by companies across Brazil.
Asaas CEO Piero Contezini said, “This new investment will accelerate our growth and help us deliver even more value to Brazilian SMEs. Our goal is to make financial management as effortless as possible for our customers, allowing them to focus more on their core business activities.”
Previously, Asaas has raised about R$150m across various funding stages, including Seed, Series A, and Series B rounds. The company has demonstrated robust growth, maintaining an average annual growth rate of over 100% over the past five years.
Asaas is recognized by the Central Bank as the 31st payment institution in Brazil and holds a license to operate as a Direct Credit Society (SCD), further solidifying its position in the financial services sector.
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