Brazil's QI Tech hunts acquisitions after $63m raise
0
Founded in 2018 by Pedro Mac Dowell, Marcelo Bentivoglio, and Marcelo Buosi, QI Tech offers a set of APIs that allows any business to offer financial products to its customers, providing digital registration tools, data validation, credit scoring, digital account opening, wire transfers, Pix, bank slips, and credit underwriting.
General Atlantic led QI Tech's $200 million Series B in 2023, which supported the fintech's acquisition of brokerage firm Singulare which has also seen it secure its position as the largest custodian of FIDCs (Investment Funds for Private Credit) in Brazil.
QI Tech has also bought other firms in recent years, snapping up anti-fraud and credit engines specialist Zaig and white label banking platform Builders Bank.
The latest funding will be used for further acquisitions as well as product diversification, starting with foreign exchange infrastructure.
"This new investment enhances our ability to accelerate the development of solutions aimed at modernizing Brazil's financial infrastructure. We remain focused on expanding our portfolio with reliability, compliance, and scalability. The additional capital also positions QI Tech for strategic M&A moves aligned with our long-term vision," says Pedro Mac Dowell, CEO, QI Tech.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
10 hours ago
- Reuters
Brazil's Azul secures $650 million investment commitment
SAO PAULO, Aug 2 (Reuters) - Brazilian airline Azul said it signed an agreement with certain stakeholders for a $650 million investment in a future capitalization deal, according to a late Friday securities filing. The airline's so-called "backstop commitment agreement" must be approved by the U.S. court overseeing its bankruptcy proceedings, the filing said. In May, Azul filed for Chapter 11 bankruptcy protection in the United States after months of trying to restructure mostly pandemic-era debt.
BBC News
14 hours ago
- BBC News
Two Bottesford community projects to receive major funding boost
Two community projects in a North Lincolnshire town will receive a major funding boost. Bottesford Football Club and Bottesford Pavilion have been awarded a combined grant of £320,000 to improve their funding is provided by North Lincolnshire Council through the UK Shared Prosperity Fund, which is part of the government's Levelling Up leader Rob Waltham said: "These are two great projects that will support hundreds of residents to see improved access for sporting and community activities." Bottesford Football Club will be given £200,000 to upgrade the indoor gym facilities at its home ground of Barrett Steel Stadium in Scunthorpe. The club supports more than 24 teams, ranging from under-7s to senior level, including a Down's Syndrome team, a Special Olympics team, and Wildcats for girls. Founded in 1974, it previously secured a grant of £1.5m to build a floodlit 3G pitch, upgrade grass pitches and improve the covered seating and disability Pavilion will get £120,000 to enhance access by adding new toilet facilities, along with upgrading to more energy efficient heating and lighting. Councillor John Davison, cabinet member for communities, said: "Both of these facilities will benefit greatly from this cash boost. "Hundreds of residents use these facilities every week and this investment will enable them to have an improved experience." Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
Finextra
20 hours ago
- Finextra
Fintech in 2025: The Current Landscape and Future Outlook: By Luigi Wewege
As we approach the third quarter of 2025, fintech is no longer a disruptor on the margins, it has become a cornerstone of the global financial ecosystem. Recent figures from the World Economic Forum (WEF) highlight fintech's remarkable trajectory, with revenues surging by 21% year-over-year in 2024, significantly outpacing traditional banking's modest 6% growth. Profitability among public fintech companies has also markedly improved, with approximately 69% now generating profits, indicating the sector's shift toward sustained, scalable performance. Fintech Funding and Market Performance Global fintech funding remains robust, totaling $24 billion across nearly 2,600 deals in the first half of 2025, a 6% increase from the previous period, according to Innovate Finance. While markets in Asia and Europe thrive, the UK's fintech investment plateaued, suggesting regional variations in market dynamics. Notably, public markets reflect renewed investor confidence, exemplified by fintech giants like Coinbase entering the S&P 500 and eToro's successful IPO, raising over $600 million. Additionally, Barron's highlights SoFi's outstanding performance, with a 44% revenue increase and record loan originations, underscoring fintech's resilience and growth potential. Drivers of Fintech Growth The AI Revolution AI, particularly generative and agentic AI, is transforming fintech operations. From automating compliance processes and customer interactions to enhancing fraud detection, AI's integration into fintech operations is profound. India's fintech sector, leveraging AI to accelerate KYC processes and customer engagement, exemplifies this trend. Additionally, research into human-centered AI, prioritizing user experience alongside efficiency, is reshaping fintech's approach to innovation. Embedded Finance and Digital Infrastructure Embedded finance has become central to fintech's expansion, with financial services increasingly integrated invisibly into non-financial platforms. Real-time payments, automated invoicing, and B2B financial services are areas witnessing substantial growth. BCG's analysis confirms this shift, predicting significant expansion in fintech infrastructure and lending services, while consumer-focused fintech begins to saturate. Open Finance and Regulatory Evolution Open finance is rapidly gaining momentum globally, driven by new regulatory frameworks such as the EU's Financial Data Access (FIDA) and PSD3 updates. These changes extend data sharing to broader financial products beyond basic banking. However, tensions persist, notably in the US, where JPMorgan's proposed charges for data access via APIs raise significant concerns, potentially disrupting fintech innovation dependent on open data models. Crypto and Digital Assets Cryptocurrency and stablecoin adoption continue to grow, attracting substantial institutional investment. Fintech hubs such as Hong Kong have seen notable funding influxes, driven by increasing stablecoin licensing and investment enthusiasm. Yet, ongoing regulatory scrutiny underscores the complexity fintech faces in balancing innovation and compliance. Cybersecurity and Trust The fintech sector's growth brings heightened cybersecurity risks, demanding robust defensive strategies. Advances in blockchain-based zero-trust architectures and enhanced API security are becoming industry standards. Fintech companies emphasizing comprehensive cybersecurity frameworks will emerge as trusted, resilient leaders in the marketplace. The Road Ahead: Challenges and Opportunities As we enter Q3 2025, fintech stands at a pivotal juncture marked by accelerating innovation and escalating complexity. While scalability and profitability have significantly improved, regulatory challenges and market pressures remain substantial. In the immediate future, fintech is expected to undergo further consolidation through mergers and acquisitions, particularly targeting companies offering innovative financial infrastructure. The embedding of financial services in non-financial platforms will become standard, redefining customer journeys and creating new revenue streams. AI-driven automation and decision-making will increasingly permeate fintech services, elevating efficiency but requiring careful oversight to maintain trust. Simultaneously, regulatory frameworks will evolve, demanding fintech firms adapt to stringent standards without compromising innovation. Thoughts on What is Coming Looking toward the close of 2025 and beyond, fintech's future success hinges on navigating regulatory uncertainties, optimizing embedded financial services, harnessing AI responsibly, and prioritizing cybersecurity. Companies able to balance innovation with operational excellence and regulatory compliance will dominate the fintech landscape, shaping the financial services sector profoundly in the coming years. About the author: Luigi Wewege is President of Caye International Bank, awarded as one of the leading banks in the Caribbean and Central America. During his tenure at the bank, Luigi has been recognized for his turnaround efforts at Caye, growing it into the largest international bank in Belize by total deposit size. He is a regular speaker and contributor for several media publications. He is an accomplished multi-publication author, including The Digital Banking Revolution (now in its third edition). Wewege has co-authored economic research presented before the United States Congress and has been published in The Journal of Applied Finance & Banking. Outside of the bank, Luigi serves as an Instructor for the FinTech School in California and sits on multiple international advisory boards. Wewege earned an MBA in International Business from the MIB Trieste School of Management in Italy and a Bachelor's Degree in Business with honors from the University of Missouri-St. Louis with a triple major in Finance, International Business, and Management.
