Asaas Secures US$55.6 Million in New Credit Rights Investment Fund

Asaas, the Brazilian financial management and payment collection platform for small and medium-sized businesses, has raised approximately US$55.6 million through a new Credit Rights Investment Fund (FIDC) to finance advances on installment sales and expand access to working capital for its customers.

Asaas Raises Record Funding Through a New FIDC

The transaction marks the largest fundraising round Asaas has completed through this type of investment vehicle. In Brazil, FIDCs pool capital from investors to purchase future receivables, allowing companies to access financing backed by payments they are expected to receive.

The latest issuance was placed among institutional investors and comprises approximately US$51.9 million in senior tranches, paying the interbank CDI rate plus 1.15%, and US$3.7 million in subordinated tranches retained by Asaas itself.

Kanastra is responsible for managing and administering the fund.

The transaction builds on Asaas' previous fundraising activity through FIDCs. The company established a fund worth approximately US$9.3 million in 2023, followed by another valued at US$18.5 million in August 2025.

Installment Payments Drive Demand for Financing

The new funding comes as installment purchases made with credit cards continue to create financing needs for merchants. Businesses often have to wait several months to receive the full proceeds from these transactions, increasing demand for solutions that allow them to access their money earlier.

According to Asaas, the company advanced approximately US$260 million in receivables during 2026. Since launching the product, it has advanced a cumulative total of US$740 million.

The service has also gained traction among its customer base. Nearly 30% of Asaas' 300,000 monthly active customers now use payment advances, compared with approximately 18% to 20% two and a half years ago.

Around 80% of these transactions are financed through FIDCs, highlighting the importance of these investment vehicles to the company's credit operations.

Asaas Expands Its Financing Strategy Beyond FIDCs

The transaction is led by João Vitor Possamai, who has served as Asaas' chief financial officer since 2021. Before joining the company, Possamai was a director at Canadian pension fund CPP Investments and worked in investment banking at Macquarie and HSBC.

Asaas is also expanding its financing capabilities following a regulatory milestone. Since December 2025, the company has held a license from Brazil's Central Bank to operate as a financial institution.

This authorization allows Asaas to issue financial bills and certificates of deposit (CDBs), potentially reducing its reliance on FIDCs over time.

Credit currently accounts for approximately 15% of the company's revenue, making financing an important component of its business.

Possamai highlighted the dedicated nature of the latest funding vehicle and its role in providing financing certainty amid market uncertainty.

"The fund is dedicated to this operation. Whatever happens in the market or even if uncertainty arises, we have this exclusive financing because it exists for that purpose." João Vitor Possamai, CFO of Asaas

From a Software Business to a Financial Platform

Founded in 2010 in Joinville, in southern Brazil, Asaas was established by brothers Piero and Diego Contezini. Before launching the company, the founders operated a software factory and experienced firsthand the challenges of manually collecting payments from their own customers.

That experience led to the development of a platform focused on payment collection and financial management for small and medium-sized businesses.

In 2024, Asaas raised approximately US$150 million in a funding round led by Bond, with participation from SoftBank, 23S Capital and Endeavor Catalyst.

The company is now targeting revenue of approximately US$185 million in 2026, followed by more than US$370 million in 2027.

With its latest US$55.6 million FIDC, Asaas is strengthening its ability to finance payment advances for merchants while developing additional funding channels following its authorization to operate as a financial institution in Brazil.