Listo secures R$700m of new capital within R$1bn FIDC financing
The Brazilian fintech will use the funds to expand receivables financing and operations.
Listo has completed R$1bn in receivables-fund financing across two sequential issuances. The total includes R$700m of fresh capital and R$300m rolled over by existing investors.
Itaú BBA and UBS BB arranged the transaction, which attracted mainly institutional investors. The company will use the new funding to expand its credit portfolio and strengthen operations.
Listo combines payments, credit and business-management software for Brazilian businesses, including merchants and automotive companies. It is also considering an equity raise as it develops its platform and distribution.
Use of funds
Expand receivables financing and operations