Velotax Servicos de Tecnologia Ltda.

Velotax is a Brazilian technology services company specializing in digital financial solutions, particularly in expediting tax refund processes for workers. With a focus on inclusivity, it offers accessible services for clients with varying financial backgrounds. Founded in 2020, Velotax Servicos de Tecnologia Ltda. operates from Sao Paulo, Brazil, providing digital platforms for personal income tax refund anticipation.

The company has successfully raised USD 120. 00 mn in Series A funding from investors including QED Investors, Valor Capital Group, and Picus Capital, which will facilitate its growth strategies. The founder's history and other details about changes in business strategy are not publicly available. Velotax offers a digital platform that allows individuals to anticipate their personal income tax refunds (IRPF), providing a streamlined process to access funds quickly.

The service is designed especially for salaried employees, allowing them to receive their anticipated tax refunds within 48 hours. With over 3 million downloads, the platform serves a diverse clientele, including those with financial difficulties, and is primarily available in Brazilian metropolitan areas. Velotax's revenue model is based on providing personal loans against anticipated tax refunds. Clients can simulate and confirm their loans through the application, typically repaying amounts with a monthly interest rate starting from 5%, leading to an annual percentage rate (APR) of 80%.

For instance, a loan of R$300 would entail a total repayment of R$453. 89 over 240 days. Operating as a Correspondent Bank, Velotax aligns with regulatory guidelines to enhance its revenue from loan disbursements. In October 2025, Velotax Servicos de Tecnologia Ltda raised USD 120.

00 mn in Series A funding, co-led by new investors QED Investors, Valor Capital Group, and Picus Capital. The company plans to utilize this funding to expand its AI-driven credit platform and enhance its financial inclusion strategy across Brazil, aiming for increased market penetration and service accessibility.