The Venture Codex

Participated · Series D · Jul 2026

Addi operates a digital lending platform that serves more than 2.5 million consumers and 33,000 partner merchants. The company originates consumer and merchant credit and uses these receivables as part of financing structures such as the recently closed warehouse facility. Its debt now totals over $680 million following the new $150 million line led by J.P. Morgan and supported by Fasanara Capital. The platform positions itself as a conversion engine for merchant sales across a mix of SMEs and large brands. With the added liquidity, Addi plans to continue scaling its merchant and consumer network and to consolidate its market position in Colombia while exploring expansion into new markets. Fasanara’s third participation signals ongoing institutional investor confidence in Addi’s underwriting and risk model.

Participated · Debt Financing · Apr 2026

CloudWalk, which owns the InfinitePay payments platform, focuses heavily on financing credit-card receivables for micro and small entrepreneurs. The company says its receivables financing is a core growth pillar and reported revenue of R$5,440 million last year (up 104%) and net income of R$602 million (up 90%). CloudWalk has deployed FIDC financing at scale, raising about R$20 billion since 2021 and allocating prior issuances in full; its CloudWalk Bela fund held R$7.94 billion in net assets with no delinquency at the end of March. The firm reported that more than 6 million clients had used the service by October and had previously stated it had extended over R$2 billion in loans to more than 400,000 customers in two years. In June the company obtained a new central bank license enabling an expanded range of credit products, and leadership expects the active entrepreneur base to grow from roughly 3 million to about 6.3 million by 2025.

Participated · Series C · Apr 2026

Plata was founded in Mexico in 2023 by former top managers of Tinkoff and is led by CEO Neri Tollardo. In February the company received a banking license and began operating as a full bank. Plata has grown rapidly: annual revenue reached $600M and its credit portfolio expanded roughly 170% to nearly 10 billion pesos in 2025. The company has raised over $2 billion in combined equity and debt since inception and most recently secured a $405M financing that valued it at $5.0B. Leadership additions include the hire of Marcos Cantt as chief financial officer. Plata is considering an IPO as it continues to scale in Mexico's large underbanked market.

Led · Series C · Jan 2024

Oakberry is a Brazilian global açaí brand that operates roughly 700 stores across more than 40 countries. Founded in 2016 and led by CEO Georgios Frangulis, the chain opened more than 150 new stores in 2023 and currently has 35 locations in the United States. The company expects to reach over $200M in revenue and nearly 1,000 stores globally by the end of 2024. Oakberry plans to expand its U.S. presence to 200+ stores and triple its European footprint by 2026. The brand is exploring co-investments in markets such as Australia and Portugal as part of its international growth strategy. Its core product is açaí sold through its store network.

Participated · Equity · Apr 2022

Celcoin provides financial infrastructure and Banking-as-a-Service solutions focused on payments, banking, and lending, enabling personalized embedded finance for banks, fintechs and non-financial companies. The company serves more than 6,000 business customers, including over 400 financial-industry clients and more than 5,000 non-financial firms. Celcoin is a leading provider of Open Banking solutions in Brazil and processes over 200 million Pix transactions monthly. It has pursued product development and inorganic growth, completing four acquisitions since 2022 (Galax Pay, Flow Finance, Finansystech and Reg+). Celcoin reported US$63 million in annual recurring revenue in Q1 2024, a 140% increase year-over-year. The company plans to accelerate investments in technology and innovation and to evaluate both organic and M&A-driven growth opportunities to strengthen its position in BaaS and embedded finance. Celcoin offers financial-technology and banking infrastructure through APIs that enable Pix, open banking, bill and tax payments, mobile top-ups, gift cards, direct debit, ATM withdrawals, transfers and collections. After acquiring Flow Finance, Celcoin added infrastructure for companies to offer credit products via APIs (working capital, personal loans, BNPL, payroll-deducted private loans and others). The company recently acquired Galax Pay (recurring billing and subacquiring) and Flow Finance as part of its expansion. Celcoin received a license from the Banco Central to operate as a Payment Institution, strengthening governance and improving robustness and margins. Management says it will pursue growth organically and via M&A to consolidate its position in the financial-infrastructure segment across the region. Celcoin provides Open Finance infrastructure via APIs for Pix, bill payments, mobile top-ups, deposits and withdrawals (Banco24Horas and retail), direct debit, DDA, transport top-ups, streaming platforms and gaming. It launched Open Banking APIs earlier this year and already counts dozens of customers using them to access user data and offer personalized products. More than 170 clients — including banks, fintechs, digital wallets, brokerages, ERPs, marketplaces, mobile operators and loyalty companies — use Celcoin’s platform, and over 36,000 banking correspondents are connected to distribute services in stores. Monthly more than eight million people transact through Celcoin, moving over R$1.5 billion, and the company’s transaction volume has more than quadrupled in the past 12 months. Founded in 2016, Celcoin positions itself as a modular "Lego" of open financial services that helps digital banks and fintechs scale offerings previously restricted to large banks. The company plans to use new capital to accelerate product development, acquire complementary API startups, and complete licensing as a Payment Institution and Payment Transaction Initiator with BACEN.