Brazil's SaaS Platform Klavi Raises USD 15M in Series A

Klavi, a Brazil-based Software-as-a-Service (SaaS) platform in data aggregation, analytics, and API services, has received USD 15 million.

The series A round was led by venture capital funds Iporanga Ventures and Parallax Ventures and included GSR Ventures. The banking infrastructure provider CIP S.A. and Vivo Ventures also entered the round, marking their first investment in a fintech. The funding also allows for an additional closing within 90 days, and other already engaged investors will also enter. 

Klavi plans to use the financial resources to strengthen its technology area, through opportunities for innovation in business-to-business (B2B) services and its data processing sector, in addition to facilitating the creation of new products.

The contribution will give Klavi a boost for developing more solutions, facilitating the sharing of financial data. The goal is for their partners to be able to have a 360º view of their customers' information, with everything centralised in one place, always with user consent, that can be shared with any company.

(Source: The Paypers)