Brazil’s QI Tech Seeks Acquisitions Following $63 Million Fundraising
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Brazil’s QI Tech Seeks Acquisitions Following $63 Million Fundraising

Brazilian financial infrastructure fintech QI Tech has secured $63 million in a Series B extension funding led by General Atlantic.

Founded in 2018 by Pedro Mac Dowell, Marcelo Bentivoglio, and Marcelo Buosi, QI Tech provides a suite of APIs enabling businesses to offer financial products to their customers. Their offerings include digital registration tools, data validation, credit scoring, digital account opening, wire transfers, Pix, bank slips, and credit underwriting.

General Atlantic previously led QI Tech’s $200 million Series B in 2023, which facilitated the fintech’s acquisition of brokerage firm Singulare, solidifying its position as the largest custodian of Investment Funds for Private Credit (FIDCs) in Brazil.

The company has also purchased firms like anti-fraud and credit engines specialist Zaig, and white label banking platform Builders Bank in recent years.

The latest funding will support further acquisitions and product diversification, particularly in foreign exchange infrastructure.

“This new investment enhances our ability to accelerate the development of solutions aimed at modernizing Brazil’s financial infrastructure. We remain focused on expanding our portfolio with reliability, compliance, and scalability. The additional capital also positions QI Tech for strategic M&A moves aligned with our long-term vision,” stated Pedro Mac Dowell, CEO of QI Tech.