Brazil based online lender BizCapital raised $12m in Series B funding led by DEG , the German development finance institution.
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BizCapital raises $12m in Series B funding
The capital raised will be directed at accelerating the development of new product offerings to Brazilian SMEs, as well as to continue developing new distribution channels. "What we aim to achieve with these new resources is to continue helping entrepreneurs during the entire lifecycle of their companies. With the economic crisis caused by the Covid-19 pandemic, BizCapital continues to support companies with an increasingly active role," Francisco Ferreira, CEO and Co-Founder at BizCapital says.
