Third FIDC fundraising · Fintech
99 raises R$700m through third FIDC to expand 99Pay credit
Bradesco BBI arranged the fund and invested alongside the Brazilian mobility company.
Brazilian mobility platform 99 has raised R$700m through a receivables investment fund to expand lending through its financial-services business, 99Pay.
Bradesco BBI acted as exclusive coordinator and also invested in the fund alongside 99. The transaction is the company’s third FIDC structure supporting its consumer credit business.
99Pay operates digital accounts, payments and lending services in the 99 ecosystem. The new funding will increase its capacity to offer credit to customers.
Use of funds
Expand consumer credit operations
Funding history
Third FIDC fundraising · This roundR$700M