Vixtra, a fintech company that specializes in providing credit for importers and the only company in the market that enables merchandise in transit to be used as credit collateral, has secured $30 million through a debit facility with asset managers like Capitânia, Verde, Credit Saison, and Contea.
Along with the funding round, the company also received a new investment of $6 million in a seed extension, bringing the total raised to $36 million.
This funding round will drive the company’s growth, which increased by 823% in the past year alone. Launched in 2021, Vixtra has already raised $10.5 million in equity through seed and seed extensions, with investments from Valor Capital, QED Investors, NXTP, Endeavor Scale-Up Ventures, Actyus, angel investors, and debt capital.
With the new funding round, Vixtra plans to further invest in technology and expand its financial and technological solutions to cater to a broader array of importer needs.
What does Vixtra do? Vixtra’s primary offering is import financing, which is a competitive advantage for its clients. By utilizing the cargo as collateral, importers are relieved of the obligation to offer receivables or other assets, increasing their credit potential and enabling the self-financing of merchandise, a previously unprecedented feat in the market.
KEY QUOTES:
“Importing in Brazil remains a cumbersome and bureaucratic process for players of varying sizes and sectors. Therefore, we provide a platform that streamlines these processes, from accessing credit to managing imports. We aim to push further in this direction, enhancing integration, dynamism, and technology in these processes, and this new investment will bolster us in this endeavor.”
– Leonardo Baltieri, co-founder and co-CEO of Vixtra
“With this investment, we will further enhance the Vixtra platform to bolster control, efficiency, and the generation of financial insights for importers.”
– Guilherme Rosenthal, co-founder and co-CEO of Vixtra
“We are thrilled with the success of this investment round, which not only validates our business model but also provides the necessary resources to strengthen our market presence. With these resources, we will be able to offer even more robust and efficient solutions to our customers and partners, thereby enhancing the growth and competitiveness of their import operations.”
– Caio Gelfi, co-founder, and Commercial Director of Vixtra
“Vixtra has been developing an integrated and highly technological platform that assists small and medium importers at various stages of their journey, from tracking cargo movement to financing purchases and executing real-time FX for payments. The company has grown more than 10 times since we invested, but we believe it has the potential to grow exponentially for many years, targeting a resilient and growing market that has moved more than $ 261 billion in the last 12 months.”
– Carlos Costa, Partner at Valor Capital Group
