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Brazilian Fintech, Asaas, raises $148 Million to Expand Operations and Accelerate Research and Development

Asaas, a Brazilian enterprise fintech company, has raised a $148 million Series C funding round led by Bond with participation from SoftBank, Endeavor Catalyst, and 23s Capital.

Founded in 2010, Asaas provides financial software solutions for small and medium-sized businesses. These solutions include features like payment processing, invoicing, and fraud protection. Essentially, Asaas helps companies streamline their financial operations.

Asaas plans to utilize its recent $148 million Series C funding to enhance operations, boost research and development, and acquire other businesses for swift portfolio expansion. The company will strengthen its sales and marketing teams to improve its market presence and connect with new audiences across various regions to support its global growth.