Stay Raises US$7.67M in Series A to Expand Corporate Pension Plans Across Brazil
Brazilian fintech Stay raises US$7.67M in Series A funding led by Citrino to expand its corporate private pension business across Brazil.
Stay, a Brazilian fintech focused on corporate private pension plans, has raised US$7.67 million in a Series A funding round led by Citrino, an asset manager and multi-family office connected to some of Brazil’s largest business families.
The new capital will support Stay’s expansion across Brazil as the fintech continues developing private pension solutions for companies.
Citrino leads Stay’s Series A round
The Series A round was led by Citrino, with Norte, 17Sigma and BTV also participating in the investment.
Citrino operates as an asset manager and multi-family office tied to some of Brazil’s largest business families. Its participation provides backing from an established family-office investor to Stay as the fintech develops its corporate pension business.
The round brings US$7.67 million in new funding to the company and represents an investment in the early-stage corporate pension fintech segment in Brazil.
Stay focuses on corporate private pension plans
Stay provides private pension products to companies, operating within a segment of the fintech market focused on workplace retirement benefits.
Its business is centered on offering corporate private pension solutions, positioning the company within Brazil’s developing corporate pension fintech niche.
With the new funding, Stay plans to expand its operations across Brazil, using the capital to support the next phase of its growth.
Funding reflects an emerging corporate pension fintech niche
At US$7.67 million, Stay’s Series A round falls within the lower tier of comparable funding deals, ranking at approximately the 42nd percentile among comparable rounds.
The size of the transaction reflects the early-stage nature of Brazil’s corporate pension fintech niche. At the same time, the participation of established family offices such as Citrino signals investor confidence in the segment’s long-term potential.
The financing gives Stay additional capital to pursue its expansion strategy while continuing to develop corporate private pension solutions in the Brazilian market.
