Startup DreamersStartup Dreamers
  • Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Trending

Today’s NYT Mini Crossword Clues And Answers For Friday, July 11th

July 11, 2025

Why Your Finance Team Needs an AI Strategy, Now

July 11, 2025

3 Bold Moves Every Entrepreneur Should Make This Year

July 11, 2025
Facebook Twitter Instagram
  • Newsletter
  • Submit Articles
  • Privacy
  • Advertise
  • Contact
Facebook Twitter Instagram
Startup DreamersStartup Dreamers
  • Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Subscribe for Alerts
Startup DreamersStartup Dreamers
Home » Connecting Brazil’s Booming Fintechs With Kanastra
Startup

Connecting Brazil’s Booming Fintechs With Kanastra

adminBy adminJune 15, 20230 ViewsNo Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

Brazil’s financial technology (fintech) sector is booming, but many of the leading start-ups and early-stage businesses have a problem – infrastructure providers have not kept pace with their innovation. Enter capital markets fintech Kanastra, which is today unveiling a $13 million seed funding round as it seeks to further develop the infrastructure solution it has developed.

Kanastra is specifically focused at fintechs and other originators that lend in one form or another – to small business borrowers, perhaps, or even to consumers. Unlike banks, which provide such credit from their balance sheets, these firms must raise money from investors in order to make loans. However, the infrastructure through which that debt finance is arranged is out of date and fragmented; fintechs have to work with a string of service providers all operating different tools, often dependent on spreadsheets and even paper-based documents, and with variable levels of customer service. The effect is to make the process of raising debt finance cumbersome and time-consuming, holding fintechs back as they seek to increase lending to their customers.

Kanastra’s solution is a technologuy platform that provides a one-stop-shop solution for both the fintechs and originators themselves and finance providers. “Effectively, we operate as an interface between the two sides,” explains Gustavo Mapeli, who co-founded the business with partner Manuel Netto. “The aim is to take all the complexity out of the debt financing process.”

It’s an ambitious project. Kanastra’s platform offers services ranging from fund administration to debt issuance, enabling fintechs to work with each of their finance providers far more autonomously. “It should be a seamless, efficient and cost-effective experience,” adds Mapeli.

The idea for the business was born out of the founders’ own frustrations with the debt finance sector. Mapeli, who has previously worked in roles at Softbank and Boston Consulting Group, and Netto, formerly of ZX Ventures, founded Kardinal, an asset management group in Brazil, three years ago. As they expanded into the private credit sector, they began to run into all the problems that have dogged fintechs. “We encountered all sorts of issues in the industry, from low-quality service with poor communication to non-existent technology, which results in daily errors and limited visibility into fund data.”

That underwhelming experience sparked an idea in the two founders. A tech-enabled platform able to offer a smoother process would have huge potential in a fast-growing market, they reasoned. Brazil’s private asset market has grown 12-fold over the past decade or so, the company points out. “It’s a market that has reached critical mass and is poised to continue its robust growth for many years to come,” predicts Netto.

The early signs are encouraging. Since its launch last year, Kanastra has signed up 35 clients, accounting for around $400 million of assets under management, with both originators and investors on its customer roster. The company makes its money through fixed monthly fees or by taking a percentage of the client’s assets under management.

Now, however, Kanastra has plans to further develop the product, with today’s fundraising earmarked for investment in evolution of the platform. The $13 million investment was co-led by Valor Capital and Quona Capital, alongside QED Investors, Actyus, Collaborative, Crestone, Grão, Endeavor, Clocktower, Latitud and Norte. A number of fintech founders also took part in the round.

Jonathan Whittle, co-founder and managing partner at Quona Capital, believes the business has emerged at just the right moment. “This is an enormous market with very real pain points, and we believe that Kanastra has the right approach to address this opportunity,” he says.

In the short term, Kanastra will focus on building market share in the Brazilian market, which dominates the Latin American economy. But there is potential for the company to expand internationally, both regionally and in North America and Europe. “This is a pain point in every market,” Mapeli insists.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

The Teens Are Taking Waymos Now

Startup July 11, 2025

Trump’s Defiance of TikTok Ban Prompted Immunity Promises to 10 Tech Companies

Startup July 10, 2025

What Could a Healthy AI Companion Look Like?

Startup July 9, 2025

These Startups Are Building Advanced AI Models Without Data Centers

Startup July 7, 2025

Airplane Wi-Fi Is Now … Good?

Startup July 6, 2025

eBay and Vestiaire Collective Want an Exemption from Trump’s Tariffs

Startup July 5, 2025
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

Today’s NYT Mini Crossword Clues And Answers For Friday, July 11th

July 11, 2025

Why Your Finance Team Needs an AI Strategy, Now

July 11, 2025

3 Bold Moves Every Entrepreneur Should Make This Year

July 11, 2025

Teen’s Side Hustle Became a Multi-Hundred-Million-Dollar Business

July 11, 2025

The Teens Are Taking Waymos Now

July 11, 2025

Latest Posts

13 Jobs Without College or AI: Salaries Can Start at $70k+

July 10, 2025

How to Deal With Slow-Paying Customers the Right Way

July 10, 2025

Gen Z Founder Launches Physical CD Music Service

July 10, 2025

Trump’s Defiance of TikTok Ban Prompted Immunity Promises to 10 Tech Companies

July 10, 2025

UiPath CTO Details ‘Office Layout’ For Agents, Robots And Humans

July 9, 2025
Advertisement
Demo

Startup Dreamers is your one-stop website for the latest news and updates about how to start a business, follow us now to get the news that matters to you.

Facebook Twitter Instagram Pinterest YouTube
Sections
  • Growing a Business
  • Innovation
  • Leadership
  • Money & Finance
  • Starting a Business
Trending Topics
  • Branding
  • Business Ideas
  • Business Models
  • Business Plans
  • Fundraising

Subscribe to Updates

Get the latest business and startup news and updates directly to your inbox.

© 2025 Startup Dreamers. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

GET $5000 NO CREDIT