Asaas Raises $148 Million in Funding
Asaas, a Joinville, Brazil-based fintech startup that provides automation and management tools for SMEs, has raised US$148 million (R$820M) in funding.
The round was led by BOND, with participation from SoftBank and 23S Capital.
BOND is a global technology investment firm that supports visionary founders throughout their entire lifecycle of innovation and growth. Based in San Francisco, California, the firm invests in companies operating in the information technology and consumer products and services sectors.
The company will use the funds to strengthen its Basel index, hire software engineers, and pursue strategic mergers and acquisitions.
Founded by Piero and Diego Contezini, Asaas provides automation and management tools specifically designed for small and medium-sized enterprises (SMEs). The company offers a range of financial services through its PJ (Pessoa Jurídica) accounts. Asaas automates invoicing and collection processes and integrates various financial services, such as digital accounts, prepaid cards, and billing anticipation. Additionally, it provides tools for cash flow management, issuing commercial proposals, and creating service orders.
Funding Details
Company: Asaas Financial Management Payment Institution SA
Raised: $148.0M
Round: Unknown
Funding Date: October 2024
Lead Investor: BOND
Additional Investors: SoftBank, 23S Capital
Company Website: https://www.asaas.com/
Software Category: Financial Management