Asaas secures R$280 million in external receivables funding
Institutional investors subscribed senior units in a R$300 million FIDC issuance.
Asaas disclosed a R$300 million issuance through its third receivables fund on October 1. External investors supplied R$280 million in senior units; Asaas retained R$20 million in subordinated units. Kanastra manages and administers the fund.
The financing supports advances against card receivables for small and medium-sized businesses. It expands the dedicated funding available to merchants seeking cash before instalment payments settle.
Use of funds
SME receivables advances