- Conta Simples secures $41.5 million in Series B funding
- Led by existing investor Base10 Partners
- Funding to enhance corporate card platform and expense management services
- TJ Nahigian from Base10 Partners joins Conta Simples board
- Follows $24 million Series A in December 2021, co-led by Jam Fund and Valor Capital
- New participants in Series B include Broadhaven and DOMO
- Fintech plans to explore new growth with features like receivables, financing, and BNPL
- Conta Simples achieved breakeven at the end of 2023, with $3.7 billion TPV
- Authorized as a Direct Credit Society by the Central Bank of Brazil in September 2023
- CEO Rodrigo Tognini sees Series B as an opportunity for a wider range of product launches and significant improvements in services.
Brazil’s Conta Simples plots product expansion following $41.5m Series B
