Economy

In the last six months, Brazilian fintechs raised BRL 14.3 billion in 41 rounds, says Sling Hub

Fintechs infusions are well above than retail and games deals, says the Rio de Janeiro-based platform

Photo: Neon
  • Most deals took place in August (BRL 8.4 billion), September (BRL 3.6 billion) and June (BRL 1.8 billion);
  • The list ranges from billionaire infusions to seed capital.

Among startups in Brazil that are soaring in the pandemic, there is a highlight for the fintechs. In the last six months, the sector raised BRL 14.3 billion in 41 rounds, according to the Sling Hub platform. It is well above other sectors such as retail, that received BRL 1.2 billion, and even games BRL 663 million), as reported by O Globo.

READ ALSO: Brazilian fintech Neon raises a new round of $300 million, the largest in its history, led by General Atlantic

According to the newspaper, most deals took place in August (BRL 8.4 billion), September (BRL 3.6 billion) and June (BRL 1.8 billion).

The list ranges from billionaire infusions to seed capital.

O Globo recalls that in September the neobank Neon alone raised BRL 1.6 billion in its largest funding round led by General Atlantic and firms such as BlackRock and PayPal Ventures.

READ ALSO: Mexican fintech Kueski bets on ‘buy now, pay later’ model to gain scale

Newborn firms such as Grana Capital have also managed to raise funds amid the crisis. The fintech raised BRL 700,000 from 75 investors through an equity crowdfunding platform.

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