27 Jul Do you suits? Tinder originator prospects Conta Simples’ bullet
Justin Mateen's JAM Funds led good $21.5 million bullet from money about Brazilian fintech organization. Valor Investment, Base10 Couples, Y Combinator, Quartz, and you will Huge Wagers plus participated in the newest financing
Brazil‘s fintech startup Conta Simples was and work out investment capital money wade bullet. Once and then make its earliest investment into the a startup, news technical Startups, the organization established for the Thursday brand new fundraising from $21.5 million (BRL 121.cuatro billion) from the JAM funds, out of Tinder founder Justin Mateen, who has already committed to among the many firms that inspired Conta Simples, new U.S. enterprise Brex. Valor Funding, Base10 Lovers, Y Combinator, Quartz, and you may Larger Wagers including participated in the fresh bullet.
The latest round appear 6 months following the fintech received BRL twenty eight million out-of You accelerator Y Combinator. New thesis you to definitely fintech is actually “the newest Nubank out-of smaller businesses” have stuck in the business. In advance of actually trying to funding, Conta Simples received four term sheets out of buyers for the week or two. “The hardest part of the bullet were to complement group, you to quicker their involvement here, various other truth be told there, in the end, every thing exercised,” said the newest Ceo and you will co-originator of fintech, Rodrigo Tognini.