Brazilian fintech Asaas has raised R$300 million, approximately US$55.6 million, through a receivables investment fund to expand financing for small and medium-sized businesses. The funding will support advances on credit-card sales, allowing merchants to access money before customers’ instalment payments arrive.
The transaction is the company’s largest fundraising through this type of vehicle, known in Brazil as a Fundo de Investimento em Direitos Creditórios, or FIDC. Kanastra manages and administers the fund, which connects institutional capital with businesses seeking earlier payment for completed sales.
Institutional investors supplied R$280 million through senior units, while Asaas retained R$20 million in subordinated units. The structure gives senior investors priority over the subordinated portion when proceeds are distributed.
Turning future payments into working capital
For businesses selling goods and services in instalments, the gap between making a sale and receiving the full payment can constrain cash flow. Receivables advances bring those payments forward, helping businesses meet immediate expenses.
Asaas says customers use the product to pay suppliers, replenish stock and manage seasonal fluctuations. According to figures released by the company, it has advanced R$1.4 billion to customers during 2026, bringing the cumulative total since the product’s launch to R$3.9 billion.
The latest financing follows earlier FIDC fundraising of R$50 million in 2023 and R$100 million in August 2025.
Credit alongside financial management
Founded in 2010 by brothers Piero and Diego Contezini, Asaas provides payment processing, financial management and credit services for smaller businesses.
Around 30% of its approximately 300,000 monthly active customers use its credit products, according to company figures reported in regional financial media. Credit generates about 15% of revenue, while FIDCs finance approximately 80% of its receivables advances.
Broadening funding sources
Asaas also plans to diversify its funding following its receipt of a financial institution licence from Brazil’s central bank in December 2025.
The latest transaction expands the capital available for its existing receivables business. Its practical purpose is to help merchants manage the timing difference between collecting customer payments and meeting day-to-day operating costs.
Newshub Editorial in South America – 7 October 2026
Brazilian fintech Asaas has raised R$300 million, approximately US$55.6 million, through a receivables investment fund to expand financing for small and medium-sized businesses. The funding will support advances on credit-card sales, allowing merchants to access money before customers’ instalment payments arrive.
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