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Fintech Laqus raises USD$1.9M and prepares a round to raise further investment in Brazil

October 17, 2023
Por
Estadão
Estadão
The main and latest news from Brazil and the world
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With the funds, the company wants to raise a round of funding with investors.
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At a time when it is still difficult to raise funds in Brazil and abroad, fintech Laqus, which stores assets such as commercial notes, receivables and debentures, managed to raise R$10 million in an operation that is very common in the United States and which is beginning to gain momentum in Brazil, the so-called "venture debt", a way of taking out funds like a loan, paying interest, but without diluting the founders' stake in the startup.

What will be done with the investment?

With the R$10 million, Laqus is gaining momentum until it can raise a round of funding from investors, which could happen by the end of the first half of 2024, says its president and founder, Rodrigo Amato. According to him, the fintech will now seek a larger cheque, in a series B round.

The funds raised will now be used for the fintech's investments in technology and sales, at a time when this type of business should be more sought after due to new rules from the Securities and Exchange Commission (CVM). One of these rules makes it compulsory to deposit commercial notes acquired by receivables funds, which was previously optional. B3 and Laqus are the only ones so far authorised by the CVM to operate this type of asset deposit service.

About the operation

The operation was carried out with Namari Capital, which has a venture debt fund and provides undiluted capital to start-ups. Unlike a funding round, in which the new investors become partners in the company, this type of fundraising is a way of raising money without the need for entrepreneurs to see their share of the company they have created reduced. In the United States, ventude debt has existed for around 40 years and has helped leverage technology giants such as Airbnb, Facebook, Spotify and Uber.

Laqus had more than a thousand private issues in its portfolio, considering data up to August, which totalled more than R$10 billion. By the end of 2023, the company expects to have deposited R$13 billion in commercial notes alone, not to mention other assets. Companies that have used the fintech's services include Natura, Ecoagro and Zamp (Burger King).

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.

At a time when it is still difficult to raise funds in Brazil and abroad, fintech Laqus, which stores assets such as commercial notes, receivables and debentures, managed to raise R$10 million in an operation that is very common in the United States and which is beginning to gain momentum in Brazil, the so-called "venture debt", a way of taking out funds like a loan, paying interest, but without diluting the founders' stake in the startup.

What will be done with the investment?

With the R$10 million, Laqus is gaining momentum until it can raise a round of funding from investors, which could happen by the end of the first half of 2024, says its president and founder, Rodrigo Amato. According to him, the fintech will now seek a larger cheque, in a series B round.

The funds raised will now be used for the fintech's investments in technology and sales, at a time when this type of business should be more sought after due to new rules from the Securities and Exchange Commission (CVM). One of these rules makes it compulsory to deposit commercial notes acquired by receivables funds, which was previously optional. B3 and Laqus are the only ones so far authorised by the CVM to operate this type of asset deposit service.

About the operation

The operation was carried out with Namari Capital, which has a venture debt fund and provides undiluted capital to start-ups. Unlike a funding round, in which the new investors become partners in the company, this type of fundraising is a way of raising money without the need for entrepreneurs to see their share of the company they have created reduced. In the United States, ventude debt has existed for around 40 years and has helped leverage technology giants such as Airbnb, Facebook, Spotify and Uber.

Laqus had more than a thousand private issues in its portfolio, considering data up to August, which totalled more than R$10 billion. By the end of 2023, the company expects to have deposited R$13 billion in commercial notes alone, not to mention other assets. Companies that have used the fintech's services include Natura, Ecoagro and Zamp (Burger King).

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.

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País de origen:
Headquarters:
São Paulo
Monto inversión:
1.9
M
Ronda financiación:
Debt Financing
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