Zippi raises R$220m in third FIDC issuance
Credit Saison joined Brazilian institutions backing the small-business credit platform.
Zippi has completed a R$220m issuance for its receivables investment fund, its third and largest such fundraising.
Credit Saison joined as the company’s first international investor, alongside Itaú Asset Management, Itaú BBA’s treasury, Bradesco BBI and Valora Investimentos.
The Brazilian fintech uses Pix and business-flow data to provide working capital for micro and small companies. The funding will support growth in its active customer base and lending activity.
Use of funds
Expand working-capital credit for micro and small businesses