Kaszek led a seed round in Brinta, a Uruguayan startup founded this year that has already expanded its regional operations, including the Brazilian market. The round raised USD$5 million.
Brinta’s business is to facilitate and streamline tax compliance, explaining its expansion in the complex Latin American landscape. This involves automating tax processes, a task that is still predominantly carried out by tax advisors.
“In addition to capital, we provide firsthand knowledge and expertise in strategy, operational execution, team building, growth, technology, product development, networking, fundraising, and much more.”
“As a team, we love getting our hands dirty and working alongside entrepreneurs to help them build the next generation of iconic Latin American companies,” states Kaszek on its official site.
The company converts accounting data into real-time tax filings and electronic invoice generation, even for high-volume and impactful entities like delivery apps and credit platforms. Its client portfolio includes Chilean fintech Xepelin and Uruguayan PedidosYa.
Kaszek’s co-founder, Hernán Kazah, understands this complexity well, having co-founded the e-commerce giant Mercado Libre and now having a portfolio of regional companies facing the challenge of understanding different taxes in their operating markets.
“Manual work, with constant regulatory changes and the lack of regional standardization, is quite a challenge,” explains Kazah.
According to Brinta’s study, Latin America experiences an average of 24 tax updates per day.
The startup’s co-founders, Michel Golffed and Rodrigo Prandini, were executives at the payment processor dLocal, currently listed on Nasdaq.
In the seed round, the startup also received investment from DST Global Partners, 17Sigma, Broadhavn, and Latitud.
