Asaas raises $55.6M FIDC to finance SMB receivables in Brazil

Brazilian fintech Asaas has secured $55.6 million in funding through a new FIDC, according to a report by The Startup Journal. The investment was led by institutional investors who contributed $51.9 million through senior shares, while Asaas itself invested $3.7 million via subordinated shares. Kanastra manages the fund. Established in 2010 by brothers Piero and Diego Contezini, Asaas offers payment, financial management, and credit tools specifically tailored for small and medium-sized businesses (SMBs).

The funding will primarily support Asaas' receivables advance product, which provides merchants with early access to revenue from installment sales. Additionally, Asaas aims to diversify its funding sources following the acquisition of a financial institution license from Brazil’s Central Bank in December 2025.

In 2026, Asaas advanced approximately $260 million in receivables under its credit product, with the figure reaching $740 million since the launch of the product. Around 30% of Asaas' 300,000 monthly active customers utilize its credit offerings, which contribute about 15% of the company's total revenue. It is worth noting that FIDCs fund roughly 80% of Asaas' receivables advances.