Participated · Debt Financing · Aug 2026

Ume offers a full credit infrastructure platform that uses AI to handle credit analysis, pricing, collections, customer service and access to capital. The company enables retailers, marketplaces and service providers to offer consumer financing across its network. Ume operates in 10,000 points of sale and serves roughly 4 million consumers in Brazil. The recent R$96M FIDC transaction is expected by Ume to generate more than $192M in additional revenue for its partners. The funding injects receivables-backed capital into the business to support continued expansion of its financing operations.

Led · Equity · Jun 2026

Co-founded by Felipe Almeida, Bruno Pierobon, Gustavo Debs, and Thiago Teixeira, NeoSpace develops large data models (LDMs) designed to process non-textual enterprise datasets like financial transactions, consumption records, and industrial time series. The company has tested its models across banking, insurance, telecommunications, aviation, and oil and gas use cases and reports performance improvements ranging from about 8% to as much as 30% in certain scenarios, figures that the company notes have not been independently audited. NeoSpace claims to operate an infrastructure of 1,200 NVIDIA B200 GPUs hosted in Sydney—chosen to avoid Brazilian import taxes and for data-center liquid-cooling capabilities. A long-term partnership with Itaú Bank has been central to NeoSpace's early development and Itaú led the firm's recent $18 million funding round. NeoSpace plans to expand into the U.S. market, creating local commercial and technical teams and pursuing additional capital from growth funds and venture capital to support that expansion.

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 · Debt Financing · Feb 2026

Zippi designs credit products specifically for Brazil’s 21 million micro-entrepreneurs, tying credit limits and repayment schedules to the actual retail cash flow captured through Pix transactions and other data sources. The company’s product supplies revolving working capital that adapts to daily sales patterns, aiming to replace one-size-fits-all consumer loans traditionally offered to small merchants. Management plans to double the business in 2025 and, by the end of 2026, expects to process about R$10 billion in cumulative transactions while managing R$350 million in its credit fund (FIDC). Previous FIDC issuances totaled R$66 million in 2024 and R$80 million in 2025. The newly strengthened capital structure is intended to widen the active customer base and grow per-client volume while maintaining portfolio quality and lowering funding costs. Zippi is led by CEO and co-founder André Bernardes and CFO and co-founder Bruno Lucas, and remains focused exclusively on the Brazilian market.

Participated · Seed · Jan 2026

Refurbi promotes the reuse and recycling of electronic devices in Latin America by combining industrial-grade refurbishment processes with proprietary technology and a user-centric trust model. Its offering has evolved into an ecosystem that includes a marketplace for refurbished phones, trade-in programs, specialized software, and bundled financing and insurance options for retailers, manufacturers, mobile operators, and insurers. The company provides 14-month warranties, premium packaging, and a 30-day return policy to mirror the experience of buying new devices while reducing environmental impact. Having served more than 80,000 users, Refurbi estimates it already touches roughly 0.5% of Colombia’s total mobile phone market and became profitable in 2024. The firm is regarded as the country’s fastest-growing player in refurbished technology and plans to use its proven model to enter Mexico next. Management targets US$100 million in revenue by 2030 and views well-executed refurbishment as critical digital-inclusion infrastructure for the region.