Bull Raises US$3.9 Million to Expand Credit Infrastructure in Brazil

Bull, a Brazilian fintech specializing in Credit as a Service, has raised US$3.9 million in a seed round led by Maya Capital and Caravela Capital, with participation from Canary. The funding comes less than a year after the company secured a US$1.95 million pre-seed round and will support its transition from product validation to a new phase of technological and commercial scaling.

Bull expands its credit infrastructure platform

Founded by Juliana Freitas and José Pires Neto, Bull develops a Credit-as-a-Service platform that enables companies to launch and operate credit products through technological infrastructure, data and credit intelligence tools.

The fintech has grown from launching its MVP to serving more than 20 medium-sized and large clients in just one year. The company now has a team of nearly 40 people and has processed tens of millions of dollars in credit contracts.

With its latest funding, Bull is preparing to surpass US$19.5 million in monthly originated credit, as it continues expanding its platform and operations in the Brazilian credit market.

Artificial intelligence becomes a key part of Bull's scaling strategy

A significant portion of the new capital will be directed toward strengthening Bull's technology platform. The company plans to invest in artificial intelligence, data infrastructure, cybersecurity, decision-making models and process automation.

According to the company, these technologies are intended to reduce operating costs and improve the efficiency of credit evaluation, while also preparing its infrastructure to support additional products.

Bull currently focuses on providing white-label credit infrastructure, allowing other companies to launch and operate financial products without having to develop the necessary technology entirely in-house.

The fintech initially focused on private payroll-deducted lending, but it now intends to expand its platform into other credit products. Bull identifies credit intelligence and operating costs as two of its main differentiators.

From a US$1.95 million pre-seed round to a new growth stage

The latest investment follows Bull's US$1.95 million pre-seed round, announced in October 2025 and led by Canary, with participation from Endeavor through Scale Up Ventures.

At that stage, Bull's objective was to launch its MVP and reach US$195 million in managed credit over the following 12 months. Since then, the company says it has added more than 20 clients and expanded to a team of nearly 40 people, moving from an early product stage toward a larger-scale operation.

The new seed round brings Maya Capital and Caravela Capital into the company's investor base, while Canary participates again.

For Maya Capital, the opportunity is connected to the size of the Latin American credit market and the potential for Bull to serve as infrastructure for new financing alternatives.

Bull targets US$19.5 million in monthly originated credit

The new capital will support Bull's next stage of expansion, with the company setting a new operational target: surpassing US$19.5 million in credit originated per month during the third quarter of 2026.

With this objective, Bull is seeking to further establish its platform as infrastructure for the Brazilian credit market, building on the growth achieved since its pre-seed round and its transition from MVP validation to technological and commercial scaling.