October 2024 Deals & Investments

Oct 31
Crescera Capital announced it raised R$ 300 million for its 4^th fund.

The plan is to invest in 25 companies, from seed to Series A, over the next 4 years.

Oct 29

Digital lender Nubank announced it will launch a mobile phone service called NuCel in the coming months, expanding its operations beyond financial services.

The service will offer 3 monthly plans ranging from $45 to $75 reais and will cover 93% of Brazil using Claro’s infrastructure.

Oct 29

Brazil’s Central Bank President Roberto Campos Neto warned that inflation expectations are rising above targets, with a forecast of 4.55% for 2024.

Speaking in the UK Brazil Conference, in London, he stressed the need for corrective measures.

Oct 29

CredAluga, a fintech for the rental market, secured a R$ 22 million investment.

The company aims to simplify rental processes and empower real estate agencies. It plans to double its workforce and establish 5,000 new partnerships in four years.

Oct 29

SRM Ventures will invest up to R$ 40 million in the fintech OxPay, which offers digital financial services for the road transport sector.

The funds will be disbursed in two stages, starting with an initial R$ 20 million to boost credit services in various niches.

Oct 25

iFood has acquired a minority stake in the online supermarket Shopper to expand its presence in the grocery delivery market. This strategic move aims to enhance iFood’s offerings and reach within the sector. The financial details of the deal were not disclosed.

Oct 24

Brazil’s Central Bank Chief Roberto Campos Neto announced that the government will soon address fiscal concerns impacting the country’s risk premium. Speaking at a G20 press conference, he emphasized that Brazil is performing better than average in terms of primary budget balances, but market prices may be exaggerated.

Oct 24

Rooftop has secured a R$ 100 million investment to accelerate its innovative solution for homeowners needing immediate capital. The company allows homeowners to sell their property and continue living in it, providing financial liquidity without the need to relocate. This model aims to address urgent financial needs while offering stability to homeowners.

Oct 22

“Global growth is expected to remain stable yet underwhelming”

IMF released its world economic outlook. Brazil’s growth is expected to fall from 3.0% in 2024 to 2.2% in the next year.

Oct 18

Agrolend, a digital bank for agribusiness, raised R$ 300 million in a Series C funding round led by Creation Investments and Syngenta Group Ventures.

This investment will expand its credit portfolio to R$ 3 billion, aiming to serve over 10,000 rural producers. The goal is to become Brazil’s leading bank in agricultural financing.

Oct 8

Brazil’s Supreme Court has lifted the ban on Elon Musk’s social media platform X after it paid fines totaling $28 million reais and blocked accounts accused of spreading misinformation.

X has about 22 million users in Brazil.