QI Tech Raises $63 Million in Series B

(Sao Paulo, Brazil) QI Tech a financial infrastructure fintech secured $63 million in a Series B extension funding led by General Atlantic. This funding will accelerate new client solutions strengthen leadership in Brazil's digital banking and support strategic acquisitions. This is General Atlantic's second investment in the company following a $200 million Series B in 2023. The extension also includes Across Capital’s fourth investment.

QI Tech’s acquisition strategy has included Zaig in 2021 Singulare in 2023 and Builders Bank in 2023. These acquisitions have expanded the company’s services and solidified its position as Brazil's leading FIDC custodian with $17 billion in assets.

The company is focused on product diversification and building an all-in-one financial ecosystem. It has launched an insurance-as-a-service platform and is developing a foreign exchange infrastructure. As a leader in embedded finance QI Tech has over 400 clients including 99 Shopee and QuintoAndar. It also launched QI Fatura an infrastructure for installment payments via Pix.

Founded in 2018 QI Tech is a Brazilian technology infrastructure provider that offers a comprehensive API platform for financial services. The company's solutions cover core banking payments lending investments and insurance and it serves hundreds of clients across Brazil.

Source QI Tech