Contabilizei, a São Paulo, Brazil-based accounting firm in Brazil, announced a $125M investment from Warburg Pincus.
The company intends to use the amount to further enhance its next phase of growth. With this transaction, Warburg Pincus is the largest shareholder of Contabilizei, acquiring stakes from venture capital funds that had invested in Contabilizei starting in 2014, including Kaszek.
Founded in 2013, and led by Vitor Torres, CEO, Contabilizei automates accounting services, focusing on small businesses and self-employed professionals. The company specializes in company formation and CNPJ management, offering solutions for micro and small entrepreneurs, as well as self-employed professionals. it also offers technology and the expertise of more than 1,200 specialists across various fields to provide reliable accounting services, free company formation, business checking accounts, and health and wellness benefits for entrepreneurs.
The company currently serves more than 50,000 clients, operates at break-even, and generated total revenue exceeding R$ 300 million.
With the investment, Warburg Pincus now has a portfolio of 11 Brazilian companies, 8 of which are in the technology sector.
FinSMEs
14/10/2024