vhsys, a Brazilian startup that develops business management solutions and a virtual store for micro and small businesses, has just secured a Series B round from Stone, one of the largest acquiring companies in Brazil. The amount was not revealed, but this is already Stone’s second investment in the startup, the first was in 2019.
The investment is part of Stone’s strategy to expand its operations beyond payment methods and invest in management systems, such as the recent acquisition of Linx, one of the leaders in the retail management software market, at the end of 2020, for BRL 6.7 billion.
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With its platform of services that allow the issuance of invoices, financial control, sales and inventory, in addition to integration with other apps, vhsys helps micro and small businesses to digitize their operations.
In 2020, largely due to the COVID-19 pandemic that made “being digital” an urgency for millions of Brazilian entrepreneurs, vhsys saw its customer base grow by more than 35%. In addition, according to the startup, from March 2020 to February 2021, the number of micro and small businesses that started using the vhsys virtual store increased 127%, and, last February, entrepreneurs had a 53% growth in their sales.
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With the new round from Stone, vhsys intends to accelerate the growth of its customer base by 50%; improve product usability and create a new app. Reginaldo Stocco, vhsys’ CEO, aims at diversifying the platform’s solutions and integrating it with marketplaces.
“Our goal is to make vhsys the best management platform so that micro and small entrepreneurs can manage and expand their companies, offering more financial solutions, credit and open banking within the product, in addition to integration with marketplaces.”