Asaas closes R$95m senior placement for card-receivables financing
Twelve investment funds subscribed the first senior series of FIDC Asaas III, supporting cash advances for Brazilian businesses.
The offering closed on August 18, 2025, with all 95,000 senior units subscribed and paid at R$1,000 each. The senior placement formed part of a R$100m structure that also included R$5m in subordinated units.
FIDC Asaas III finances advances against credit-card payments owed to merchants using Asaas. Businesses can receive cash before their customers’ instalments settle, giving them liquidity for day-to-day expenses.
Kanastra managed the fund, Limine acted as administrator and custodian, and Itaú BBA coordinated distribution alongside Bradesco BBI. The senior units received a brAAA (sf) rating on S&P’s Brazilian national scale.
Use of funds
Finance SME credit-card receivables advances