The offering was structured as a restricted efforts public offering under the terms of CVM Instruction 476. The funds of the FIDC will be used to anticipate the amounts that iugu's clients have to receive from credit card operations transacted through the fintech's financial automation platform.
According to iugu's CFO, André Luiz Gonçalves, the FIDC promotes an important diversification of capital sources, which will support the fintech's growth and mainly meet customer demand.
"We constantly work to expand our banking relationships and attract funding allocation operations with top-tier banks on a competitive basis. Today, we have access to funding to meet customer demands and accompany the company's growth", comments the executive.
The fund has two distinct share classes, being a senior class with fixed return and a subordinated class with variable return.
"Our BBI Tech core was born to meet the needs of high growth companies. We are proud to participate in an operation of this nature and to contribute to bringing iugu closer to the capital markets. Affirms Felipe Thut, director of Bradesco BBI. "Iugu with the CERC UR FIDC raised the bar in service level for its clients and return for its shareholders, comments Marcus Herndl, manager of H2Kapital, a management company focused on innovation for payment arrangements".
H2Kapital is responsible for the management, BEM DTVM for the administration, and Banco Bradesco for the custody of the fund. The law firm Pinheiro Neto Advogados was the legal advisor for the operation.
In 2020, the fintech raised R＄ 120 million of investment with Goldman Sachs Asset Management.
The offering was structured as a restricted efforts public offering under the terms of CVM Instruction 476. The funds of the FIDC will be used to anticipate the amounts that iugu's clients have to receive from credit card operations transacted through the fintech's financial automation platform.
According to iugu's CFO, André Luiz Gonçalves, the FIDC promotes an important diversification of capital sources, which will support the fintech's growth and mainly meet customer demand.
"We constantly work to expand our banking relationships and attract funding allocation operations with top-tier banks on a competitive basis. Today, we have access to funding to meet customer demands and accompany the company's growth", comments the executive.
The fund has two distinct share classes, being a senior class with fixed return and a subordinated class with variable return.
"Our BBI Tech core was born to meet the needs of high growth companies. We are proud to participate in an operation of this nature and to contribute to bringing iugu closer to the capital markets. Affirms Felipe Thut, director of Bradesco BBI. "Iugu with the CERC UR FIDC raised the bar in service level for its clients and return for its shareholders, comments Marcus Herndl, manager of H2Kapital, a management company focused on innovation for payment arrangements".
H2Kapital is responsible for the management, BEM DTVM for the administration, and Banco Bradesco for the custody of the fund. The law firm Pinheiro Neto Advogados was the legal advisor for the operation.
In 2020, the fintech raised R＄ 120 million of investment with Goldman Sachs Asset Management.