Brazilian Tech Startup QI Tech Secures $200 Million in Funding Round Led by General Atlantic

01 Nov, 2023

Brazilian Tech Startup QI Tech Secures $200 Million in Funding Round Led by General Atlantic

Brazilian financial services provider QI Tech has successfully secured 1 billion reais ($200 million) in a Series B funding round, with General Atlantic taking the lead. The company intends to utilize this capital to support potential acquisitions and prepare for a future initial public offering (IPO).

Based in Sao Paulo, QI Tech specializes in offering banking services and digital infrastructure solutions tailored for businesses.

Marcelo Bentivoglio, co-founder and Chief Financial Officer, expressed that QI Tech would remain vigilant for promising opportunities in the market, making strategic moves as required.

A significant portion of the funds obtained will be allocated towards financing potential acquisitions, reinforcing the company's commitment to expansion. Simultaneously, QI Tech is proactively preparing for a future IPO, ensuring readiness for the right market conditions.

QI Tech's successful Series B funding round, led by General Atlantic, signifies the company's ambition to fortify its position in the financial services industry while pursuing a path towards greater public visibility.