Neofin, a São Paulo, Brazil-based AI-powered SaaS platform for accounts receivable workflows, has raised US$7 million in seed funding.
Investors
The round was led by Quona Capital and Upload Ventures. Other backers include 17-Sigma (led by Bianca Sassoon), 1616, Far Out Ventures, BFF, Norte, and Canaan. Notable angel investors Cesar Carvalho (Wellhub/Gympass) and Patrick Sigrist (iFood and Nomad) also participated in the round.
Quona Capital is a global venture firm focused on inclusive fintech. It invests in startups that expand access to financial services for consumers and growing businesses across India, Southeast Asia, Latin America, Africa, and the Middle East.
Upload Ventures is a venture capital firm that invests in early-stage and growth-stage technology startups in Latin America. The firm is based in São Paulo, Brazil.
Neofin Use of Funds
The funding will be used to develop new features and expand its AI, machine learning, and data departments.
About Neofin
Founded in 2023 by Laura Camargo, Arthur Cunha, and Leandro Sarmento, Neofin is an AI-powered SaaS platform for accounts receivable workflows, designed to help businesses streamline collections and optimize cash flow. The company offers a customizable and automated AR workflow that integrates with clients' ERPs and banks, tailoring communication based on debtor profiles.
Funding Details
Company: Neofin Tecnologia Ltda
Raised: $7.0M
Round: Seed Round
Funding Date: February 2025
Lead Investors: Quona Capital, Upload Ventures
Additional Investors: 17-Sigma, 1616, Far Out Ventures, BFF, Norte, Canaan, Cesar Carvalho, Patrick Sigrist
Company Website: https://www.neofin.com.br/
Software Category: Accounts Receivable (AR) and Financial Automation
Source: https://www.globenewswire.com/news-release/2025/02/05/3021495/0/en/Neofin-Secures-7M-Seed-Round-to-Revolutionize-Accounts-Receivable-in-Brazil-with-AI-Powered-Solutions.html