TLDR:
- Brazilian fintech Kanastra raised a $20M Series A led by Kaszek.
- Kanastra will use the funds to further develop its technology and double down on its M&A strategy.
Brazilian fintech Kanastra has secured a $20M Series A funding round led by Kaszek, with participation from other investors such as Valor Capital Group, QED Investors, Quona Capital, and Atlantico. This funding comes on the heels of their $13M Seed round in June 2023. The company plans to utilize the funds to continue developing its technology and to focus on expanding its M&A strategy, following the acquisition of fund administration solution Limine DTVM earlier this year.
Kanastra, founded in January 2022, is a tech-enabled capital markets infrastructure provider that offers back-office services, banking, and credit operation software to funds and securitizations. CEO Gustavo Mapeli expressed the company’s decision to raise more capital to sustain its growth trajectory in a pivotal moment for the industry, emphasizing the potential for organic growth and a winning solution. With assets under custody exceeding $1.3B in 2023, Kanastra is poised to further solidify its position in the market.
