Brazilian fintech Kanastra has closed a US$13 million seed investment set up to simplify debt facilities.
The capital raised will be used to develop Kanastra’s debt facility platform that will create, run and invest in debt facilities.
The funding round was led by US investment company Valor Capital and venture capital firm Quona Capital. Additional investors included QED Investors, Actyus, Collaborative, Crestone, Grão, Endeavor, Clocktower, Latitud, and Norte.
Founded in 2022 by Gustavo Mapeli and Manuel Netto, Kanastra focuses on fund administration, debt issuance and enabling lending.
Commenting on the funding round, Mapeli says: “This round will enable us to pursue our strategy of consolidating the necessary services for operating private credit funds and securitisations on a single technology platform, streamlining the journey for originators and institutional investors, making it a seamless, more efficient and cost-effective experience.
“In addition, setting up a debt facility in Brazil involves seeking various mandatory service providers – such as the fund administrator, the custodian, the bookkeeper, the securitisation company – in a process that generally takes months.
“Kanastra aims to address all of these challenges by empowering originators and investors through a package that encompasses regulatory licenses, proprietary technology, extensive data analysis and a next-level service.”
