BizCapital Correspondente Bancario Ltda.

BizCapital is a financial services provider in Brazil, dedicated to enhancing the operational capabilities of small businesses through digital banking and credit solutions. Founded in 2016 in Rio de Janeiro, Brazil, BizCapital specializes in supporting small businesses with tailored financial solutions. The company has successfully completed 6 deals, with the most recent funding round being a Series B, where it raised BRL 20. 000 mn on June 22, 2023, led by Oikocredit.

The founders, Cristiano Rocha and Daniel Orlean, aimed to empower entrepreneurs in Brazil with accessible financial resources. BizCapital primarily offers financial solutions tailored for small businesses in Brazil, enhancing their operational capabilities through digital banking and credit services. The core product, BizConta, is a digital account for business transactions, allowing users to manage finances efficiently with real-time tracking, free PIX and TED transfers, and no monthly fees. Additionally, the MaisBiz service provides pre-approved credit options, enabling customers to negotiate effectively with suppliers and manage payment flexibility, addressing the challenges faced by small entrepreneurs across the country.

BizCapital generates revenue through its banking correspondent services, facilitating loans and financial products on behalf of partnered institutions. This includes transaction fees and interest from credit products, with effective interest rates for loans ranging from 2. 91% to 6. 60% per month, based on varying terms of three to twenty-four months, creating a predictable revenue stream through monthly installments.

Following the recent acquisition by Open Co Group in June 2023, BizCapital aims to enhance its market presence and introduce new products designed for small businesses. The acquisition is intended to strengthen Open Co Group's position in the financial services sector. Future initiatives may include expanding into new geographic regions within Brazil, with a focus on increasing accessibility and enhancing product offerings for small enterprises, leveraging the BRL 20. 000 mn raised in the Series B round to support these growth strategies.