Kamino Raises US$10M From Flourish Ventures To Target Mid-market Cfos In Brazil

Kamino, a Brazil-based AI-powered financial management platform, has secured fresh capital to deepen its focus on mid-sized companies and position itself as a core decision-making tool for CFOs. The company is scaling beyond spreadsheets, generic ERPs, and fragmented banking workflows to offer cleaner, faster, and more integrated financial operations.

Kamino closes US$10 million funding round

Kamino announced the closing of a US$10 million (R$54 million) funding round co-led by Flourish Ventures and Quona Capital. Endeavor Catalyst also joined the company’s cap table. The new investment will be used primarily to accelerate customer acquisition and to launch new products designed specifically for CFOs seeking greater speed, clarity, and confidence in financial decision-making.

Founded in 2021, Kamino has now raised more than US$20 million to date. The fintech already serves over 2,000 customers across Brazil and has processed more than US$2.7 billion through its platform.

From startups to the mid-market financial gap

Although Kamino initially focused on startups, the company identified a larger and more persistent problem in the mid-market segment. In this space, finance teams continue to rely heavily on manual reconciliations, disconnected tools, and inefficient workflows that limit visibility and control over cash.

According to Gonzalo Parejo, co-founder and CEO of Kamino, the platform gained traction by automating accounts payable, accounts receivable, and real-time bank reconciliation, significantly reducing operational friction for finance managers.

“We have already eliminated much of the manual work in accounts payable and receivable, integrated data from all banks in real time, and reduced losses caused by fraud, incorrect payments, or inefficient collections — all with full cash control in one place,” said Parejo.

New products designed for CFO-level decisions

With the new capital, Kamino plans to move beyond operational automation and introduce advanced capabilities aimed directly at CFOs. These include automated performance analysis, cash flow forecasting, and AI-driven insights that provide reliable information for faster and more strategic decisions.

“Now we are taking the next step: supporting CFOs with automated analytics, cash flow projections, and trustworthy insights for quick and strategic decision-making,” Parejo added.

The goal is to help financial leaders manage liquidity, collections, and expenses more effectively, while also identifying strategic actions based on their own financial data.

Strategic investors with an emerging-market focus

Parejo emphasized that the importance of the round goes beyond capital, highlighting the value of investors who understand the complexity of building software for emerging markets like Brazil.

Flourish Ventures has supported Kamino in refining its go-to-market strategy and strengthening its positioning as a software-first company. Quona Capital, meanwhile, has encouraged the team to complement its core platform with banking-related features, including corporate cards and smoother integrations with external financial institutions.

Despite this momentum, Kamino has no plans to expand internationally in the near term.

A long-term vision centered on Brazil

Kamino estimates that Brazil alone has close to one million mid-sized companies that fit its target profile. The company plans to focus exclusively on this market until it achieves significant penetration.

The long-term ambition is to become the operating system for CFOs — a centralized hub where financial data, cash flows, and planning tools converge. As part of this vision, Kamino aims to reach R$60 million in annual recurring revenue by 2026.