Brazil's Stay raises $5.8M Series A to expand corporate pensions
What's the deal? StayDealroom has a profile for this one. Try Dealroom →, a Brazilian fintech offering corporate private pension plans, has raised US$7.67M in a Series A round. Citrino, an asset manager and multi-family office tied to some of Brazil's largest business families, led the round.
Who else is in? Norte, 17SigmaDealroom has a profile for this one. Try Dealroom →, and BTVDealroom has a profile for this one. Try Dealroom → also joined the round.
What's the endgame? Stay plans to use the funds to expand across Brazil. It sells private pension products to companies, a segment of the fintech market focused on workplace retirement benefits.
The signal: The round sits in the lower tier by size, landing in roughly the 42nd percentile among comparable deals. That reflects the early-stage nature of Brazil's corporate pension fintech niche, where backing from established family offices like Citrino signals confidence in the sector's long-term potential.
Read more: valor.globo.com
Image credit: kenteegardin
