SAO PAULO: QI Tech, a Brazilian monetary providers supplier to companies, raised 1 billion reais ($200 million) in a Collection B spherical led by Normal Atlantic to fund future acquisitions whereas making ready for a potential public providing, the corporate mentioned on Tuesday.
The Sao Paulo-based agency offers banking providers and digital infrastructure for companies.
With the funds, QI Tech will likely be “very attentive to market alternatives,” co-founder and Chief Monetary Officer Marcelo Bentivoglio instructed Reuters.
A part of the funding will go to finance acquisitions, whereas the corporate additionally prepares “for an IPO window when we’ve got one,” he added.
The manager mentioned the potential itemizing may very well be carried out both in Brazil or overseas, relying on market circumstances.
Along with Normal Atlantic, the spherical was joined by Throughout Capital Companions, which already was a shareholder within the agency. QI Tech had additionally beforehand obtained investments from Singapore’s GIC in a spherical that raised $50 million.
The recent capital may also enhance the agency’s industrial and product improvement space, Bentivoglio mentioned.
Bentivoglio declined to reveal the corporate’s income, however mentioned it was within the hundred of tens of millions of reais.
“We have been worthwhile for the reason that starting,” he added.
The Sao Paulo-based agency offers banking providers and digital infrastructure for companies.
With the funds, QI Tech will likely be “very attentive to market alternatives,” co-founder and Chief Monetary Officer Marcelo Bentivoglio instructed Reuters.
A part of the funding will go to finance acquisitions, whereas the corporate additionally prepares “for an IPO window when we’ve got one,” he added.
The manager mentioned the potential itemizing may very well be carried out both in Brazil or overseas, relying on market circumstances.
Along with Normal Atlantic, the spherical was joined by Throughout Capital Companions, which already was a shareholder within the agency. QI Tech had additionally beforehand obtained investments from Singapore’s GIC in a spherical that raised $50 million.
The recent capital may also enhance the agency’s industrial and product improvement space, Bentivoglio mentioned.
Bentivoglio declined to reveal the corporate’s income, however mentioned it was within the hundred of tens of millions of reais.
“We have been worthwhile for the reason that starting,” he added.
