Zippi Raises $15.9M Funding

Zippi, a financial technology company focused on Brazil, has secured $15,900,000 in funding from investors. The capital infusion will support the company's mission to empower Brazil’s 21.5 million micro and small businesses (MSBs) with accessible financial solutions. Zippi specializes in providing working capital designed to fit the specific needs of these businesses. The company pioneered the use of Pix, Brazil's instant payment system, as a credit platform. This innovation allows MSBs to access working capital instantly, enabling them to pay business expenses and offering up to 10 days for repayment, which helps ensure consistent cash flow. Since its launch three years ago, Zippi has achieved profitability and experienced significant growth, extending over R$6 billion (US$1.2 billion) in credit to micro and small businesses across the country. This funding round highlights investor confidence in Zippi's model and its potential within Brazil's R$1.6 trillion (US$320 billion) MSB economy. The company is rapidly scaling to become a leading working capital solution in this large and underserved market. The newly raised capital is intended to accelerate Zippi's expansion initiatives and further develop its technology platform, enhancing its ability to serve more businesses across Brazil. Zippi aims to redefine how small businesses manage cash flow, drawing parallels to how credit cards transformed consumer spending. By providing instant, seamlessly integrated, and needs-based financial tools, the company is positioned to continue its growth trajectory and deepen its impact on Brazil's vibrant micro and small business sector.