FinTechFunding

Pier: Raises US$14.5M in Series A Funding

  • Pier, a Sao Paulo, Brazil-based full-stack insurance company operating in Latin America, raised US$ 14.5m in Series A funding
  • The round was led by monashees with participation from Canary, Mercado Livre, and BTG Pactual
  • The company intends to use the funds to continue to expand its business reach in the auto market
  • Led by Igor Mascarenhas, co-founder, and CEO, Pier adopts artificial intelligence to bring an improved experience to users
  • The company is preparing to go beyond with Series B investors in 2021
  • With the resources available at the time, the founders invested in technology and a highly qualified team
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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