Funding
Seed · Fintech

CashU raises R$6.1 million seed to expand business credit analysis

ABSeed led the Brazilian fintech’s first institutional financing.

By RoundOS Funding desk

CashU raised R$6.1 million in seed funding led by ABSeed, with participation from Caravela Capital, ScaleXOpen, Bertha Capital and angel investors. The Brazilian fintech announced the financing on December 15, 2021.

The company built an artificial intelligence engine to help businesses assess credit risk and recommend changes to customer financing limits. CashU planned to use the funding to expand its team and develop its service for companies extending credit to smaller business customers.

Funding history

Seed · This roundR$6.1M

Sources

  1. CashU financing announcementstartups.com.br · Dec 15, 2021

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