ImpactAlpha, February 12 – São Paulo-based Adianta allows small and medium-sized businesses in Brazil to access same-day credit and working capital through its online platform. Brazilian tech investor DGF Investimentos has led a R$8 million ($2.2 million) round for the firm, which also included 42K Investments, Chromo Investments, Capital Lab, as well as previous investors Yellow Ventures and OsherTec.
Brazil’s small businesses have limited access to credit to meet their short-term working capital needs, a financial gap that’s gotten worse with challenging economic conditions.
Adianta was founded in 2016, and has since extended $30 million in credit. With new funding the firm aims to to expand its team of development engineers representatives, extend new products to small businesses and grow is loan portfolio to $27 million.
“What we want is to develop a long-term relationship with our clients, always with the concern of de-bureaucratizing the experience of granting credit,” said Adianta’s Marco Camhahi.
In December, Quona Capital led a $5 million round for
Brazilian small business lender BizCapital.
Brazilian small business lender BizCapital.