Brazil based financial platform for business accounts, corporate cards, and spend management software to digital businesses raised $24m in Series A funding led by JAM Fund and Valor Capital.
“I’ve been keeping up with Conta Simples’ growth since it’s very start and I am glad to be a part of this next big chapter”, said Operating Partner at Valor Capital Group Mario Mello. “Conta Simples is powering a new generation of entrepreneurs and venture-funded startups in Brazil with its business-focused debit cards,” noted Chris Zeoli, Principal at Base10 Partners. “The company has over 35,000 merchants and a stronghold with venture-funded startups as well as ecommerce stores. We’re excited about powering a new generation of founders through this partnership with Conta Simples.”