💣 Viene la cita más poderosa con toda la cadena de pagos digitales de Latam. Reserva tu cupo a la Paytech Conf 2024
Por favor verifica tu e-mail para tener acceso completo al Hub haciendo click al link enviado a youremail@gmail.com
Reenviar correo de verificación

Brazilian Fintech Paketá extends round of US$3M and brings IOB into shareholder base

February 6, 2023
Por
Rodrigo Loureiro
Rodrigo Loureiro
Business and tech journalist
📷
LinkedIn
The company belongs to the IOB Group, which owns the Folhamatic, EBS, Síntese, Vendr, and Swood brands
Contenido para Usuarios 🔒

The capital injection announced on Monday, January 30, took place through the extension of the Series A round, made in September 2021. At the time, the startup raised R$ 27 million from Kinea Ventures, Itaú's corporate venture capital fund. Shift Capital, which had already invested R$9 million in the seed round, also participated in the round.

"At that time, we didn't consider raising more money in an extension of the round or in a series B," Fabian Valverde, founder and CEO of Paketá, tells NeoFeed. "IOB was already a partner of ours and we were designing a project to bring credit to their clients. That's when we received the invitation to become partners.

The financial reinforcement will be used so that the company can expand its service capacity. The money will be invested in marketing, sales, and technology. Although there is a possibility that part of the capital will be reserved for M&As, Valverde says this is unlikely to happen.

The new investment comes to complement an expansion strategy that became clearer at the end of last year. In December, NeoFeed exclusively reported that the startup had raised a R$300 million FIDC from Milenio Capital to expand its lending capacity.

At the time, the company served 1,100 customers, resulting in just over 300,000 employees eligible for the loan. The new line of credit would allow this number to rise to 2 million employees. For 2024, Paketá's goal is to reach surpass the barrier of 10 million employees eligible for the credit.

Founded in 2018 in São Paulo, Paketá bets on a business model focused on private payroll loans. In practice, the fintech releases between two and three salaries of credit according to the longevity of the employee in the company that is its client. The rates are pre-fixed and vary between 1.8% and 3.2% per month.

With the growth of the operation, Paketá expects to reach breakeven already in August this year. The company does not reveal revenue figures, but says that its credit portfolio increased from R$ 57 million to R$ 204 million in the last year.

Paketá is not the only startup betting on this market. Among the rivals are companies like Creditas, which bought Creditoo in 2019, and Meu Tudo, invested by Domo Invest and that last year signed an agreement with Goldman Sachs to count a financing line of R$ 2.1 billion.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

The capital injection announced on Monday, January 30, took place through the extension of the Series A round, made in September 2021. At the time, the startup raised R$ 27 million from Kinea Ventures, Itaú's corporate venture capital fund. Shift Capital, which had already invested R$9 million in the seed round, also participated in the round.

"At that time, we didn't consider raising more money in an extension of the round or in a series B," Fabian Valverde, founder and CEO of Paketá, tells NeoFeed. "IOB was already a partner of ours and we were designing a project to bring credit to their clients. That's when we received the invitation to become partners.

The financial reinforcement will be used so that the company can expand its service capacity. The money will be invested in marketing, sales, and technology. Although there is a possibility that part of the capital will be reserved for M&As, Valverde says this is unlikely to happen.

The new investment comes to complement an expansion strategy that became clearer at the end of last year. In December, NeoFeed exclusively reported that the startup had raised a R$300 million FIDC from Milenio Capital to expand its lending capacity.

At the time, the company served 1,100 customers, resulting in just over 300,000 employees eligible for the loan. The new line of credit would allow this number to rise to 2 million employees. For 2024, Paketá's goal is to reach surpass the barrier of 10 million employees eligible for the credit.

Founded in 2018 in São Paulo, Paketá bets on a business model focused on private payroll loans. In practice, the fintech releases between two and three salaries of credit according to the longevity of the employee in the company that is its client. The rates are pre-fixed and vary between 1.8% and 3.2% per month.

With the growth of the operation, Paketá expects to reach breakeven already in August this year. The company does not reveal revenue figures, but says that its credit portfolio increased from R$ 57 million to R$ 204 million in the last year.

Paketá is not the only startup betting on this market. Among the rivals are companies like Creditas, which bought Creditoo in 2019, and Meu Tudo, invested by Domo Invest and that last year signed an agreement with Goldman Sachs to count a financing line of R$ 2.1 billion.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

Este contenido es solo para
usuarios Prime 👑 del Hub.

Hacer upgrade ▸
Apoyado por:
Contacta al equipo
Hub Ranking:
#
País de origen:
Headquarters:
São Paulo
Monto inversión:
3
M
Ronda financiación:
Series A
Más novedades

Fintechs en
tendencia del Hub

No items found.

Brasil 🇧🇷

Ecosistema Fintech

Más Insights

Por
Coinscrap Finance
Coinscrap Finance
Lideramos el futuro del análisis de datos transaccionales
Wealthtech 📈

Nuestra comunidad

WHATSAPP
✨ Nuevo!
Tenemos un canal de Whatsapp donde contamos todos los movimientos en la industria.
Usuario pRIME 👑
Acceso ilimitado. Desbloquee la cobertura exclusiva, entrevistas con CEOs, eventos especiales y más.
Activar suscripción
RESUMEN SEMANAL
Todas las semanas envíamos a tu email un resumen con todos los avances en el ecosistema Fintech.
Abrir el Blueprint
Grupo de SLACK
Tenemos un grupo de Slack con todos los miembros registrados del Hub para que sigamos conversando.
uNIRSE AL GRUPO