Kanastra, a São Paulo, Brazil-based tech-driven back office for private credit funds and securitizations in Brazil, raised US$21M in Series A funding.
The round was led by Kaszek. Other investors included Atlantico, Valor Capital, Quona Capital, QED Investors and Actyus. In addition, an undisclosed global financial institution is also joining the round.
The company intends to use the funds to invest in the continued improvement of its technology.
Founded in 2022 and led by CEO Gustavo Mapeli, Kanastra combines a complete technological platform with regulatory licenses, providing credit originators and institutional investors with end-to-end automation of operations, as well as data and analytic tools for monitoring their private credit funds and securitizations. The company offers fund management, fund administration and custody for FIDCs (asset-backed private credit funds), issuance and management of securitization instruments (CRIs, CRAs, and CRs), and banking products such as escrow accounts, debt issuance and debt payment methods.
Kanastra has grown more than 10 times in the last 12 months and it has around 100 employees, half of which are in the product and technology areas. The proprietary platform already has more than 130 facilities with relevant names as clients, including Itaú, XP, Banco BV, Creditas, Solfácil, and Pátria.
FinSMEs
05/06/2024