MICROCAPITAL BRIEF: BizCapital, Fintech Promoting SMEs in Brazil, Raises $15m in Equity

BizCapital, a Brazilian provider of digital loans to small and medium-sized enterprises (SMEs), recently raised USD 15 million during its Series B fundraising round. The investors include Brazil-based 42K Investimentos, Brazil’s Chromo Invest, Germany-based Deutsche Investitions- und Entwicklungsgesellschaft (DEG), Argentina’s Mercado Libre Fund, Brazil’s Monashees, the Netherlands’ Oikocredit and US-based Quona Capital.

BizCapital Co-founder and CEO Francisco Ferreira said, “In addition to continuing to help SMEs with credit, we look forward to expanding our financial services offering, and developing new products for entrepreneurs.”

Founded in 2016, BizCapital offers SMEs working capital loans of up to BRL 200,000 (USD 36,000). It has supported approximately 9,000 businesses in 1,200 Brazilian cities since its inception.

By Romil Pandey, Research Associate

Sources and Additional Resources

Oikocredit press release
https://www.oikocredit.coop/k/en/n2613/news/view/327628/9049/oikocredit-invests-in-brazilian-fintech-bizcapital-as-part-of-a-usd-15-million-funding-round.html

BizCapital homepage
https://bizcapital.com.br/

Oikocredit homepage
https://www.oikocredit.coop

DEG homepage
https://www.deginvest.de/International-financing/DEG/

42K Investimentos homepage
https://www.42kinvest.com.br/

Chromo Invest homepage
http://chromoinvest.com/

Mercado Libre Fund homepage
https://www.mercadolibre.com/fund

Monashees homepage
https://monashees.com.br/en/

Quona Capital homepage
https://quona.com/

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