Fintech
Brazilian fintech a55 raises investment from Paysecure
Financial underwriting platform a55 collected an undisclosed sum from the payment orchestrator Secure payment. The investment comes after the a55 $16 million Series B in January 2022.
a55 will use the investment to expand its credit and advance portfolio to more than $65 million, to orchestrate more than $40 million in payments per year, and to expand its banking and credit offerings to a global audience, starting by SMEs in Latin America.
a55 helps businesses with recurring revenue access liquidity through working capital loans, cash advances, and an AI-powered invoicing and reconciliation solution.
“The funds will enable us to provide advanced financial services and credit solutions. Additionally, part of the investment will be used to acquire software licenses for the use of various payment methods, which will be crucial to expanding our offering in Latin America. This capital injection, combined with Paysecure’s expertise, will further enable us to advance our mission of supporting small businesses with the financial resources they need,” he said André Wetterco-founder and CEO of a55.
Founded in 2017, a55 has extended over $90 million in credit to over 1,000 Brazilian and Mexican companies.
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