Fintech
Brazilian fintech Grupo Bloxs receives investment from BS2
Brazilian fintech Bloxs Group raised an undisclosed amount from neobank BS2. The financing comes 4 years after that of Bloxs $683,000 seed round driven by Bossa Investingand was structured as a secondary transaction to prepare Bloxs’ cap table for a Series A later in 2024.
Bloxs will use the funds to further develop its Capital Market As a Service (CMaaS) platform. The financing seals a partnership to serve BS2 clients with Bloxs’ credit products, making capital markets accessible to SMEs in Brazil.
Bloxs’ digital ecosystem connects investors and issuers in the capital markets, digitizing the equity and debt issuance process through its platform.
“We have acquired not only a major investor to accelerate our technological innovation journey, but also a partner with expertise in developing and delivering banking products, adding a competitive advantage to Bloxs Capital Partners,” he said Philip Soutofounder and CEO of Grupo Bloxs.
The investment announcement comes just days after Bloxs obtained authorization from Brazil’s Securities Commission (Comissão de Valores Mobiliários) to act as coordinator of the public offering.