Dinie, Brazil’S Pioneer Api-First Embedded Lending Fintech Raises Usd $3.8 Million In Seed Round

Dinie, Brazil’s pioneer API-first embedded finance fintech, announced a USD $3.8 million seed round led by Accion Venture Lab and K50 Ventures, with participation from Flourish Ventures, Domo Invest and Tribe Capital amongst other funds, and several individuals from successful companies including Bill.com, Divvy, and more. The company also announced that it has concluded its own securitization structure securing a further USD $20 million in debt financing capacity from Empirica Investimentos, a local structured debt investor, with a portfolio under management of USD $1 billion. The investment will be used to accelerate the company’s end-to-end embedded credit infrastructure and further expose its APIs to Brazil’s largest ecommerce platforms and serve more than 15,000 MSMEs with embedded products such as Dinie Credit Account (business overdraft) and DiniePay (Buy Now Pay later for businesses).