Kamino Raises $10M Series A led by Flourish Ventures to Revolutionize Mid-Market Finance

Kamino is redefining financial operations for mid-sized companies in Brazil, a segment long underserved by traditional solutions. With a newly announced $10 million Series A round co-led by Flourish Ventures and Quona Capital, alongside Endeavor Capital and existing institutional investors, the São Paulo-based fintech is accelerating its mission to become the financial operating system for the region’s mid-market.

Tackling the Mid-Market Gap in Brazil

Founded in late 2021, Kamino was created to address a recurring pain point: mid-sized companies were too complex for small business tools yet overlooked by expensive enterprise resource planning (ERP) systems. CEO and co-founder Gonzalo Parejo described the company’s origin as a breaking point rather than an idea:

“After years of watching Brazilian and LatAm mid-market companies struggle not just to survive but to grow, all because they lacked a modern financial infrastructure, we decided enough is enough.”

Today, Kamino supports 2,400 companies and has achieved 3x annual recurring revenue (ARR) year-over-year growth, with a clear path to reach $10 million ARR by the end of next year.

A Founding Team Built for Scale

Kamino’s leadership combines deep expertise across finance, law, engineering, and compliance. Among the co-founders:

• Benjamin Gleason, who previously built fintech pioneer Guiabolso, later acquired by PicPay.
• Gonzalo Parejo, with experience scaling mid-market companies in private equity.
• Guto Fragoso, a former CFO who lived firsthand the challenges of managing operations via spreadsheets.
• Rodrigo Perenha, who built large-scale B2B payment infrastructures at Mercado Livre.
• Juliana Strohl, a legal and compliance expert specializing in payments and financial regulation.

The team recently added Raphael Godoy as senior go-to-market leader, helping Kamino establish a scalable sales engine ready for post-Series A growth.

Redefining Financial Operations

From the start, Kamino embedded a bank account and corporate card directly into its software, while remaining fully bank-agnostic. Its platform integrates with ERPs and CRM systems through open APIs, positioning itself as the command center for financial data and cash flows.

Key benefits for clients include:

• Automation of accounts payable and receivable
• Batch payments, reconciliation, and expense management
• Average savings of 72% of finance team hours and over $40,000 annually
• Strong adoption, with 87% of client payment volume running through Kamino’s bank account

Leveraging AI for Smarter Finance

Kamino is also integrating artificial intelligence to transform CFOs into strategic growth partners. Through KAI, its AI-powered assistant on WhatsApp, the platform provides real-time cash flow forecasting, actionable insights, and proactive recommendations.

“Legacy ERPs have reached a breaking point, opening space for new platforms that are not only smarter, but also simpler, cheaper, and faster to implement,” Gonzalo explained.

Building the Financial OS for Latin America

Inspired by U.S. players like Ramp, Brex, and BILL, Kamino is blending spend management and ERP-like intelligence to deliver enterprise-grade tools tailored to mid-sized companies in Latin America.

With the new funding, Kamino will:

• Expand its customer base in Brazil and across the region
• Accelerate AI-driven product development
• Strengthen its CFO suite with predictive analytics and decision support

By doing so, Kamino aims to level the playing field for mid-sized companies, enabling them to operate with the efficiency and intelligence of large enterprises.