ASAAS Valuation, Funding & Investors
ASAAS is valued at $7M as of September 2025.
Last ASAAS valuation
$7M
Secondary · Sep 2025
Last ASAAS funding round
$146M
Series C · Oct 2024
Cumulative funding ASAAS raised
$176M
across 9 funding rounds
Key investors in ASAAS
Parallax Ventures
SoftBank Group
Endeavor Catalyst
Bond
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FIP Bradesco VenturesAirborne Ventures
About ASAAS
Asaas is a Brazilian financial technology group based in Joinville, Santa Catarina, providing integrated financial management and payment services to small and medium-sized businesses. Its platform automates collections, payment processing and cash-flow administration, combining software with regulated financial services. The business originated as a project developed by brothers Piero and Diego Contezini in 2010 and became a separate company in 2013. Its group includes a payment institution and a distinct credit, financing and investment company, allowing it to offer payment and lending products through the relevant regulated entities. Asaas has expanded its software and services through acquisitions including Base ERP, Code Money, Nexinvoice, Mutuus and HelenaCRM. The company reported more than 285,000 active customers and R$800 million in annual recurring revenue by the middle of 2026.
Founded
2013
HQ
JoinvilleWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Valuation
$7M (Sep 2025)
ASAAS Valuation
ASAAS is currently valued at $7M, based on its secondary sale in September 2025. Read the announcement ↗
The round was led by Vivo Ventures.
ASAAS's valuation has grown 6.0x from $1M at its seed round in December 2013 to $7M in September 2025, across 3 priced rounds.
ASAAS valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Secondary | $7M |
| Aug 2014 | Seed | $2M |
| Dec 2013 | Seed | $1M |
ASAAS Funding History
ASAAS has raised a total of $176M across 9 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 | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Secondary | Vivo Ventures (lead) | - | $7M | 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 | - | - |
| Jun 2023 | Series B | TM3 Capital; Banco Bradesco; 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 | FIP Bradesco Ventures (lead); Parallax Ventures | $6M | - | - |
| Apr 2019 | Pre-seed | - | $800K | - | - |
| Sep 2018 | Series A | Parallax Ventures (lead) | $600K | - | - |
| Feb 2017 | Pre-seed | Everson Lopes (lead) | $800K | - | - |
| Jun 2015 | Series A | Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras (lead) | $600K | - | - |
| Aug 2014 | Seed | - | $500K | $2M | - |
| Dec 2013 | Seed | Invisto | $200K | $1M | - |
Who has invested in ASAAS?
15 investors have backed ASAAS across its funding rounds, including Parallax Ventures, SoftBank Group, Endeavor Catalyst, Bond, FIP Bradesco Ventures and Airborne Ventures.
Lead investors include Vivo Ventures, Bond, FIP Bradesco Ventures, Parallax Ventures, Everson Lopes and 1 other investor.
ASAAS Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| São Paulo | 3 | Lead | Sep 2018 | |
 Tokyo | 1 | Participant | Oct 2024 | |
| Brazil | 1 | Participant | Oct 2024 | |
| Everson Lopes | Brazil | 1 | Lead | Feb 2017 |
| Curitiba | 1 | Participant | Jun 2023 | |
 New York City, NY | 1 | Participant | Oct 2024 | |
| Osasco | 1 | Participant | Jun 2023 | |
| FIP Bradesco Ventures | Osasco | 1 | Lead | Oct 2020 |
| Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras | Brazil | 1 | Lead | Jun 2015 |
| Florianópolis | 1 | Participant | Dec 2013 | |
| Belo Horizonte | 1 | Participant | Jun 2023 | |
| São Paulo | 1 | Lead | Sep 2025 | |
| Brazil | 1 | Participant | Oct 2024 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by ASAAS
ASAAS has acquired 5 companies to date.
Last acquisition by ASAAS was on June 8th 2026. ASAAS acquired helenaCRM for $30M.
Latest Acquisitions by ASAAS
| Nexinvoice | |||||
| 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 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. | Code Money is a Brazilian mobile payment provider enabling peer-to-peer transfers and receipts via cell phones. Operating nationwide since 2012, it supports instant transactions for merchants and consumers using QR codes and NFC in retail and services. | |
| HQ Country | | | | | |
| HQ City | Belo Horizonte | Canoas | - | Brusque | |
| Deal Date | 8 Jun 2026 | 28 Jan 2026 | 15 Mar 2024 | 15 Sep 2021 | |
| Valuation | $30M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all ASAAS acquisitions and their M&A valuation multiples. Start Free Trial | |||||
ASAAS Competitors
ASAAS competitors include listed companies like Monni and ACpay Co, and private ones like fena, Steamchain Corp, Embifi and Monific.
ASAAS Public Comps
ASAAS is still privately-owned, but its public comps include Novatti Group, Boleron, ACpay Co, HUMBL, Tick Trading Software, K2G Holding, Pelican AI and B+S Banksysteme.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $36M | ($5M) | 0.2x | 0.2x | (1.5x) | - | |||
| $462K | ($1M) | 20.0x | - | (8.8x) | - | |||
| $5M | ($3M) | 2.1x | - | (2.9x) | - | |||
| - | ($14M) | - | - | (0.9x) | - | |||
| $11M | $4M | 0.8x | - | 2.2x | - | |||
| $341K | ($5M) | 63.7x | - | (4.2x) | - | |||
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Common questions about ASAAS
| When was ASAAS founded? | ASAAS was founded in 2013. |
| Where is ASAAS headquartered? | ASAAS is headquartered in Joinville, Brazil. |
| Is ASAAS publicly listed? | No, ASAAS is a private, VC-backed company. |
| What is ASAAS's valuation? | ASAAS was last valued at $7M in its secondary sale in September 2025. |
| How much funding has ASAAS raised? | ASAAS has raised $176M across 9 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, SoftBank Group, 23S Capital, Everson Lopes, TM3 Capital, Endeavor Catalyst, Banco Bradesco, FIP Bradesco Ventures, Cventures Primus Fundo de Investimento em Participações em Empresas Emergentes Inovadoras, Invisto and 5 others. |
| Which companies are comparable to ASAAS? | Companies comparable to ASAAS include fena, Steamchain Corp, Monni, Embifi, Monific and ACpay Co. |
| How many companies has ASAAS acquired? | ASAAS has acquired 5 companies, including helenaCRM, Mutuus Insurtech, Nexinvoice, Code Money and Base ERP. |
| What was the largest acquisition by ASAAS? | The $45M acquisition of Base ERP in May 2021 is the largest acquisition ASAAS has made to date. |
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