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- ASAAS
ASAAS Funding, Investors & Competitors
ASAAS has raised $175M across 7 funding rounds, most recently a $146M Series C in October 2024.
Last ASAAS funding round
$146M
Series C · Oct 2024
Cumulative funding ASAAS raised
$175M
across 7 funding rounds
Key investors in ASAAS
Parallax Ventures
Banco Bradesco
Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras
Invisto
SoftBank Group
Wayra
Endeavor Catalyst
Bond
About ASAAS
Asaas is a Brazilian financial technology company that combines a business digital account with billing and management tools for small and medium-sized companies. It issues charges by Pix, bank slip, card and payment link, anticipates receivables, sends automated collection reminders, issues invoices and offers an online ERP and API access. The company is headquartered in Joinville, Santa Catarina, was founded by brothers Piero and Diego Contezini, and operates as a payment institution authorised by the Central Bank of Brazil, with a credit, financing and investment licence added in 2025. Its backers include Bond, SoftBank, Bradesco's Inovabra, Parallax Ventures and Vivo Ventures. It reported gross revenue of R$563 million in 2025 and has made five acquisitions, the latest being HelenaCRM in 2026 for R$150 million.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
ASAAS Funding History
ASAAS has raised a total of $175M across 7 funding rounds, plus 1 secondary share sale.
ASAAS's first fundraising round was a $200K seed round in December 2013. The most recent completed round was a $146M Series C in October 2024.
ASAAS funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2025 | Secondary | Wayra (lead) | - | Vivo Ventures acquired an existing minority shareholding in Asaas from Parallax Ventures in a transaction announced in September 2025. The purchase price was R$35 million, making it the largest investment made by Vivo’s corporate venture capital operation since its establishment in 2022. Parallax remained a significant shareholder following the partial disposal. The transaction created a commercial relationship between the Brazilian telecommunications group and the financial technology company, with opportunities to offer connectivity services to Asaas customers and financial management products to Vivo’s small business clients. Asaas provided automated financial administration, collections and payment services to more than 220,000 customers at the time. The companies said their existing operations would continue unchanged while they developed potential joint offerings and distribution arrangements. The purchase transferred existing shares between investors rather than providing new capital to the company, and was distinct from the R$820 million Series C financing completed in 2024. |
| Oct 2024 | Series C | Bond (lead); SoftBank Group; 23S Capital; Endeavor Catalyst; Airborne Ventures | $146M | Asaas secured R$820 million in a Series C round announced in October 2024, led by Bond with participation from SoftBank, 23S Capital and Endeavor Catalyst. The company described it as the largest start-up financing in Latin America that year. The funds were earmarked for research and development, acquisitions and the expansion of sales and marketing teams. Asaas, based in Joinville, Santa Catarina, offers a digital account, charge issuing by Pix, bank slip and card, receivables anticipation and an ERP to small and medium-sized businesses, and holds a payment institution authorisation from the Central Bank. The financing followed a 2023 round of about R$100 million and left the company with the capital to pursue its target of R$1 billion in annual revenue in 2026. Since the round it has made further acquisitions, including Mutuus in insurance brokerage and HelenaCRM in conversational sales software. |
| Jun 2023 | Series B | TM3 Capital; Banco Bradesco; Invisto; Parallax Ventures; Light Capital Group; Escala Partners | $21M | Asaas is a Brazil-based fintech founded by brothers Piero and Diego Contezini, offering automation solutions for SMEs including payment management, digital accounts, prepaid cards, receivables anticipation, ERP, and CRM software to streamline billing, collections, and financial processes. The company, headquartered in Joinville, Santa Catarina, targets freelancers, MEIs, and larger enterprises to professionalize financial operations. In June 2023, Asaas raised $20.9 million (approximately R$106 million at the time) in a Series B extension round with participation from existing investors Inovabra (Bradesco’s venture capital manager, also referred to as Bradesco BBI), Parallax Ventures, Light Capital Group, and Escala Partners, plus new investor TM3 Capital. This funding strengthened the balance sheet to comply with Brazil’s Central Bank regulatory limits on growth and enabled continued expansion without slowing pace. Around the round date, Asaas projected R$230 million in revenue for 2023, up significantly from prior years—net revenue was R$48.7 million in 2021 and R$118.9 million in 2022, reflecting 144% growth per EXAME Negócios em Expansão 2023 ranking. The company anticipated 200,000 client companies by year-end 2023, building on 118,000 active monthly customers earlier in the year serving 4 million end-customers. Asaas later achieved further growth, raising R$820 million in a 2024 Series C led by Bond Capital with SoftBank participation, and targeting R$1 billion revenue and over 1 million clients by 2025. |
| Oct 2020 | Series B | Banco Bradesco (lead); Parallax Ventures | $6M | Inovabra Ventures, the investment vehicle of Bradesco, led a R$37 million Series B in Asaas announced on 22 October 2020, with existing investor Parallax Ventures following on. The round was one of the larger financings for a Brazilian billing and financial management platform at the time and was meant to fund product development, hiring and the application for a payment institution licence, which the Central Bank granted in 2021. Asaas, headquartered in Joinville, Santa Catarina, was founded by brothers Piero and Diego Contezini and serves freelancers, micro-entrepreneurs and small and medium-sized companies with charge issuing by bank slip, card and Pix, receivables, invoicing and an online ERP. The round also gave Bradesco a commercial relationship with the company, which later became a customer-facing partnership for the bank's business clients. Asaas went on to raise a R$100 million Series B extension in 2023 and a R$820 million Series C in 2024. |
| Sep 2018 | Series A | Parallax Ventures (lead) | $600K | - |
| Jan 2017 | Pre-seed | Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras (lead) | $797K | Cventures Primus led a R$2.5 million investment in Asaas, reported on 31 January 2017, its second round from the fund after R$2 million in 2015. The money was intended to extend the company's billing and collection platform for freelancers, sole proprietors and micro and small businesses. Asaas, based in Joinville, Santa Catarina, said its aim was to improve the relationship between suppliers and clients by making charges multichannel, simple and professional. The platform issued bank slips and other charges, tracked payment and reminded debtors by e-mail and SMS. The 2017 financing came at a stage when the business was still small and funded by angel and early venture money. It preceded the entry of Parallax Ventures as a shareholder in 2018 and the R$37 million round led by Bradesco's Inovabra in October 2020. Asaas later obtained a payment institution authorisation from the Central Bank and became a broader financial management and digital account provider for small businesses. |
| Jun 2015 | Series A | Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras (lead) | $600K | Cventures Primus, a Brazilian venture capital fund, invested R$2 million in Asaas in June 2015, according to the contemporaneous report on the round. The company describes the capital as a Series A that helped speed up product development, and had previously raised R$1.6 million from angel investors. Asaas was then a Joinville-based start-up that let freelancers, sole proprietors and small businesses issue and track bank slips and other charges without contracting directly with banks, sending the charges to customers by e-mail and SMS. The investment from Cventures was the first institutional venture round for the business and gave it a lead investor with experience in Brazilian software companies. Asaas has since grown into a payment institution and digital account for small and medium-sized businesses, and later raised rounds from Bradesco's Inovabra, Parallax Ventures, Bond and SoftBank. The 2015 round is the earliest institutional financing in the company's recorded history and preceded a further R$2.5 million from the same fund in 2017. |
| Dec 2013 | Seed | Invisto | $200K | - |
Who has invested in ASAAS?
13 investors have backed ASAAS across its funding rounds, including Parallax Ventures, Banco Bradesco, Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras, Invisto, SoftBank Group and Wayra.
Lead investors include Wayra, Bond, Banco Bradesco, Parallax Ventures and Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras.
ASAAS Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2018 | ||
| 2 | Lead | Oct 2020 | ||
| 2 | Lead | Jun 2015 | ||
| 2 | Participant | Dec 2013 | ||
| 1 | Participant | Oct 2024 | ||
| 1 | Participant | Oct 2024 | ||
| 1 | Lead | Sep 2025 | ||
| 1 | Participant | Jun 2023 | ||
| 1 | Participant | Oct 2024 | ||
| 1 | Participant | Jun 2023 | ||
| 1 | Participant | Oct 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by ASAAS
ASAAS has acquired 6 companies to date.
Last acquisition by ASAAS was on June 8th 2026. ASAAS acquired helenaCRM for $30M.
Latest Acquisitions by ASAAS
| Description | helenaCRM is a Brazil-based Platform as a Service delivered white-label to marketing agencies and software firms. It powers customer relationship management, intelligent chatbots, and AI-driven service centers across WhatsApp, Instagram Direct, and Facebook Messenger. The platform centralizes conversations from smartphones, qualifies leads, and accelerates sales cycles through enriched customer profiles. | Mutuus is a Mexican digital healthcare membership company based in Mexico City that offers private hospital coverage with no deductible and no coinsurance. It was founded in 2017 by Jean-Louis Brunet and sells to small and medium-sized businesses and to individuals. Members get coverage for major and minor medical expenses of up to MXN 1 million or MXN 2 million a year inside its hospital network, unlimited telemedicine with an emergency physician every day of the year, accident death cover, one ground ambulance a year and discounts on specialists, medicines and laboratory tests. By 2025 it served more than 13,000 members, had paid more than 4,000 hospital bills and worked with over 300 hospitals. Amador led a USD 3.2 million round in March 2025, its first from institutional investors. Asaas announced the acquisition of Mutuus in February 2026, and Mutuus continues to operate independently as a digital insurance broker. | Mutuus Insurtech is a digital insurance broker specializing in policies for entrepreneurs in Brazil. Launched in 2017, it allows quoting, purchasing, and managing business coverage including liability, property, and employee benefits through a unified platform. Canoas-headquartered in Rio Grande do Sul, Mutuus serves small and medium enterprises via mutuus.net. | Nexinvoice provides software that automates accounts payable workflows, including invoice collection, processing and integration with ERP systems. Asaas acquired the company in 2024 and its financial statements report that the subsidiary subsequently adopted the Asaas Tecnologia name in 2025. | |
| HQ Country | |||||
| HQ City | Belo Horizonte | Mexico City | Canoas | - | |
| Deal Date | 8 Jun 2026 | 3 Feb 2026 | 28 Jan 2026 | 15 Mar 2024 | |
| Valuation | $30M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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ASAAS Competitors
ASAAS competitors include listed companies like S&P Global, Moody's, Constellation Software and HiThink, and private ones like Open Financial Technologies and Ant Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $15B | $7.7B | $136B | 10.2x | ||
| Publicly listed | $7.7B | $3.8B | $87B | 11.4x | ||
| Private | $25B | - | $79B | 3.2x | ||
| Publicly listed | $12B | $2.5B | $53B | 4.2x | ||
| Publicly listed | $905M | $533M | $23B | 18.5x |
ASAAS Public Comps
ASAAS is still privately-owned, but its public comps include Shopify, S&P Global, Moody's, MercadoLibre, Constellation Software, Fiserv, Corpay, Verisk Analytics, HiThink and Broadridge.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12B | $1.2B | 16.2x | 12.8x | 154.7x | 70.3x | |||
| $15B | $7.7B | 9.9x | 10.2x | 19.8x | 19.3x | |||
| $7.7B | $3.8B | 12.1x | 11.4x | 24.4x | 21.8x | |||
| $29B | $3.7B | 3.0x | 2.1x | 23.2x | 21.2x | |||
| $12B | $2.5B | 4.9x | 4.2x | 22.6x | 15.5x | |||
| $21B | $8.9B | 2.9x | 3.1x | 6.8x | 7.2x | |||
| $4.5B | $2.4B | 8.3x | 7.2x | 15.4x | 13.6x | |||
| $3.1B | $1.7B | 9.9x | 9.5x | 18.2x | 16.8x | |||
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Common questions about ASAAS
| When was ASAAS founded? | ASAAS was founded in 2010. |
| Where is ASAAS headquartered? | ASAAS is headquartered in Joinville, Brazil. |
| Is ASAAS publicly listed? | No, ASAAS is a private, VC-backed company. |
| How much funding has ASAAS raised? | ASAAS has raised $175M across 7 funding rounds. |
| What was ASAAS's last funding round? | ASAAS's last funding round was a $146M Series C in October 2024, led by Bond. |
| Who are ASAAS's investors? | ASAAS's investors include Parallax Ventures, Banco Bradesco, Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras, Invisto, SoftBank Group, 23S Capital, Wayra, TM3 Capital, Endeavor Catalyst, Light Capital Group and 3 others. |
| Which companies are comparable to ASAAS? | Companies comparable to ASAAS include Open Financial Technologies, S&P Global, Moody's, Ant Group, Constellation Software and HiThink. |
| How many companies has ASAAS acquired? | ASAAS has acquired 6 companies, including helenaCRM, Mutuus, Mutuus Insurtech, Nexinvoice and Code Money. |
| What was the largest acquisition by ASAAS? | The $30M acquisition of helenaCRM in June 2026 is the largest acquisition ASAAS has made to date. |
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