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Qi Tech Raises $50M Series A Led By Gic

Nov 05, 2021•over 3 years ago

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.

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/

Funding Insights

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