Monkey Exchange is a Brazil-based online marketplace that operates a platform to make the receivables discount market more efficient. Its platform functions like a real-time auction, creating a competitive process among buyers. The company announced a R$67 million Series B financing led by L4, B3’s corporate venture capital fund. The new capital will be used to expand its presence into new markets, including Mexico and the US, and to invest in technology development. Gunderson Dettmer represented Monkey Exchange in the transaction. The funding is intended to grow the company’s market footprint and enhance its platform capabilities.

Total raised

$12M

Funding rounds

1

Latest round

Series B

Latest activity

Jul 2024