Brazil’s Monkey captures $6M Series A for monetary market
Monkey, a monetary market for receivables in Latin America, has actually raised $6 million in Series A funding. Quona Capital and Kinea Ventures co-led the round. The São Paulo-based start-up was established in 2016 by a trio that includes previous Citi investment lender Gustavo Müller, Bruno Oliveira (who operated in tactical planning for Telefonica) and Felipe […] Monkey has actually developed what it explains as Supply Chain Financing (SCF) programs for small and medium enterprises. The startup prepares to utilize its fresh capital to double its team of 40 in 2021, and to grow operations not just in Brazil, but across Latin America by offering the exact same offerings for its own clients in other countries. Kinea Ventures is an endeavor capital fund focused on financial investments in the financial services and innovation area. …
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