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With plans for expansion and service improvement, Konsi is determined to play a crucial role in the financial lives of employees and positively change the landscape of payroll loans in Brazil and Latin America.
Kaszek co-founder Hernan Kazah understands this complexity well, as he co-founded e-commerce giant Mercado Libre and today has a portfolio of regional companies going through the same hassle.
The landscape for Brazilian startups is undergoing a significant transformation thanks to the surge in Corporate Venture Capital investments.
The goal of this collaboration is to elevate the gaming industry by combining the global prominence of Gamescom with the regional influence of the BIG Festival, thus creating an unprecedented platform for business and launches in the region.
Over the past two years, it has experienced a threefold year-over-year growth in net revenues, following a successful Series A that raised USD$40 million in 2021.
This expansion strategy seeks to consolidate Clara’s presence in Brazil, the region’s largest economy, with the aim of gaining a significant share of the B2B payments market.
According to Captable, GJL Real Estate, a German investment firm with global operations, is anchoring the offering to strengthen its investment portfolio in Latin America.
The robo-advisory market in Latin America is anticipated to experience a compound annual growth rate (CAGR) of 53.68%, reaching a value of USD$4.48 billion by 2023.
Until now, Fortes’ solutions were responsible for processing and closing employee payments, then transmitting the information to the government through eSocial, in addition to providing business management tools.
The R$ 7.5 million funding round represents a significant milestone in Uncover’s journey towards expansion and consolidation in the Brazilian market and beyond.