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Tiger Global Leads $25M Investment Into Swap, Which Aims To Be ‘Latam’S Fintech Factory’

Oct 28, 2021over 3 years ago

Amount Raised

$25 Million

Sao Paulo

Description

Swap, a São Paulo-based BaaS startup, announced today it has raised $25 million in a Series A led by Tiger Global Management.

Company Information

Company

Swap

Location

Sao Paulo, Sao Paulo, Brazil

About

It was there that the pair recognized the opportunity for an infrastructure service that would help any company provide financial products for their customers. The company aims to specialize by segment, from a market and a technological perspective. “We have always sought to be a fully integrated solution that truly allows companies to launch their fintechs quickly and efficiently,” said Storf. The company also has a strategy around solving the pains of specific segments. In short, the company aims to be “LatAm’s fintech factory.” Swap operates in its home country of Brazil, and is looking to use its capital to expand the use cases it serves there. Swap started 2021 with 27 employees and today it has 60 employees. points out that Swap today, has two major products: card-as-a-service and infrastructure for credit. “Now, they plan to listen to their customers’ needs to develop the other building blocks,” he said.

FundzWatch™ Score

86
Medium Activity

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