QI Tech quietly powers a big slice of Latin American fintech.
The São Paulo-based, central bank-licensed infrastructure provider has just secured a $63M Series B extension led by General Atlantic with participation from Across Capital. This adds to its $200M Series B in 2023 and $50M Series A in 2021, putting total funding north of $300M.
CEO and founder Pedro Mac Dowell is using the new capital to accelerate product development and fuel strategic M&A across Brazil's financial stack. QI Tech's full-stack APIs already cover credit underwriting, Pix payments, onboarding, anti-fraud, collections, and even Insurance as a Service, serving hundreds of enterprise and fintech clients.
Analysts now peg QI Tech's valuation at over $2B, cementing its status as one of Latin America's key fintech infrastructure players. Next on the roadmap: foreign exchange infrastructure layer designed to remove traditional SWIFT delays and cut through Brazil's FX bureaucracy for cross-border flows.
As global interest in LatAm fintech keeps rising, a multi-product, AI-ready infrastructure player like QI Tech looks well placed to become the default rails for credit, payments, and FX in the region.
Marcello Bentivoglio Marcelo Buosi
#fintechoftheday #infrastructure #Brazil #LatAm
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