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Stay raises $5.7M in a funding round led by Citrino to expand its corporate pension services across Brazil.
Stay, a Brazil-based fintech company specializing in private pension plans for businesses, has raised US$5.7 million in a new funding round. The funding was led by Citrino, with additional participation from Norte, 17Sigma, and BTV. Stay plans to use the capital to finance its expansion of corporate pension and long-term incentive programs across Brazil. Currently, less than 3% of Brazilian workers have access to employer-provided pension plans.
Company Information
Company
Stay
Location
Brazil
About
Stay is a Brazil-based fintech company specializing in private pension plans for businesses. It aims to facilitate access to employer-provided pension plans which currently reach less than 3% of Brazilian workers. The company positions itself between employers and insurance companies to enhance financial wellness and improve employee retention through long-term incentive programs. Stay has experienced significant growth in assets under management since its inception.
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BrazilFinancial ServicesFinanceEmployee BenefitsFintech