We would like to welcome Contabilizei and CEO Vitor Torres to the FinTech Collective portfolio! Contabilizei significantly reduces the friction, pain, and cost of accounting for SMEs in Brazil - where taxes must be filed on a monthly basis by an accredited accountant. Contabilizei has already served 10k SMEs and continues to expand rapidly. VAMOS!
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Contabilizei raises $20 million to ease Brazilians’ tax pain
“For the Brazilian ecosystem, the investment represents the trust and the opportunity that we have here in the Brazilian market. For quite some time it was difficult to attract this kind of investment from abroad,” says Contabilizei chief executive Vitor Torres. Even though we had a recession there are technology companies that are growing,” Torres says, noting that the company has already staved off acquisition offers and will eventually eye a potential public offering in U.S. or domestic markets.
