Brasilian fintech Grupo Blocs receive an undisclosed investment from Banco BS2 to innovate capital markets for SMEs
Brazilian #fintech Grupo #Bloxs has secured an undisclosed investment from neobank BS2. This funding follows Bloxs’s $683k Seed round led by bossa invest four years ago and was structured as a secondary transaction to prepare the company's cap table for an upcoming Series A round later in 2024.
Founded by Felipe Souto, Grupo Bloxs is set to use the new funds to further develop its Capital Market As a Service (CMaaS) platform. This strategic partnership with BS2 aims to serve BS2’s clients with Bloxs’s innovative credit products, making capital markets more accessible to small and medium-sized businesses (SMBs) across Brazil.
Grupo Bloxs operates a digital ecosystem that connects investors and issuers in the capital markets, digitizing the stock and debt issuance process through its platform. This approach streamlines capital market transactions, providing SMBs with easier access to funding and investment opportunities.
Felipe Souto, founder and CEO of Grupo Bloxs, expressed his excitement about the partnership, stating, “We’ve gained not only a heavyweight investor to accelerate our technological innovation journey, but also a partner with expertise in the development and provision of banking products, adding a competitive advantage to Bloxs Capital Partners.”
The investment announcement comes shortly after Grupo Bloxs obtained authorization from Brazil’s Securities Commission (Comissão de Valores Mobiliários) to act as a public offer coordinator, further solidifying its position in the market.
With BS2's backing, Grupo Bloxs is poised to enhance its platform, innovate its product offerings, and expand its reach within the Brazilian financial landscape. This development marks a significant step towards democratizing access to capital markets for SMBs in Brazil, potentially leading to greater economic growth and financial inclusivity.
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