Fundz

Qi Tech Raises $50M Series A Led By Gic

PRIVATENov 05, 2021

Amount Raised

$50 Million

Round Type

Series A

Sao Paulo

Description

QI Tech, fintech that provides a range of financial services through APIs and the first SCD approved by the Brazilian Central Bank, announced today that GIC, Singapore's sovereign wealth fund, has invested $50M in one of the largest Series A in Latin America.

Quick answer

Qi Tech raised $50 Million in a Series A round, dated November 5, 2021. Qi Tech is based in Sao Paulo, Sao Paulo, Brazil.

How much did Qi Tech raise?
Qi Tech raised $50 Million in a Series A round on November 5, 2021.
What does Qi Tech do?
QI Tech is the first Direct Credit Company (SCD) approved by the Brazilian Central Bank.
Where is Qi Tech based and how big is it?
Qi Tech is based in Sao Paulo, Sao Paulo, Brazil.

Source: Fundz verified event record.

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Company Information

Company

Qi Tech

Location

Sao Paulo, Sao Paulo, Brazil

About

QI Tech is the first Direct Credit Company (SCD) approved by the Brazilian Central Bank. We are a technology company with a banking license, which allows us to operate as a financial institution and empower our partners to offer 100% digital banking services. We combine an intelligent platform with all the regulatory needs so that our customers can offer payments and credit services safely and with the best customer experience that fits their business model. QI Tech, as an independent and conflict-free fintech, does not offer credit directly to final borrowers, since its core business is precisely to offer the infrastructure (technology, operational capacity, backoffice, legal authorization, etc.) for its customers, so they can provide financial products without the need to hold a banking license. For more information, visit https://qitech.com.br/

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Qi Tech raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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