BizCapital is an online lender founded in 2016 that offers quick financing for working capital to Brazilian small and medium-sized businesses. The company reports more than 5,000 customers across 1,200 cities. BizCapital said it has seen four times as many business credit inquiries year over year. Management plans to use the new capital to develop additional products for SMBs and to expand into new distribution channels. CEO Francisco Ferreira framed the raise as a vote of confidence in the company’s ability to innovate in the Latin American credit market amid COVID-19 headwinds. The firm positions itself as a fast, reliable financing option for entrepreneurs throughout the lifecycle of their companies.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2020