On Wednesday evening, July 24, companies from a wide range of industries were recognized during the third edition of the Businesses in Expansion ranking, an award organized by EXAME to highlight the growth of small and medium-sized companies in Brazil.
QI Tech won the top award in the category for companies with net operating revenue between BRL 300 million and BRL 600 million, the highest revenue category in the competition. The recognition highlights the company’s commitment and dedication to developing innovative financial technologies for the market.
The Businesses in Expansion award recognizes companies that have distinguished themselves in Brazil’s business landscape. This edition of the ranking included 371 companies from 23 states, demonstrating the diversity and resilience of entrepreneurship in Brazil.
Although 2023 was marked by several challenges, including reduced consumer purchasing power and high default rates, the participating companies demonstrated a remarkable ability to adapt and grow.
São Paulo-based fintech QI Tech stood out for its exceptional growth, outperforming more than 300 other companies. This success is the result of a solid expansion strategy that included diversifying its client base beyond the banking sector and securing major accounts in the telecommunications and retail industries.
The award selection process involved a rigorous analysis of the companies’ net operating revenue growth. Financial documents, including income statements and balance sheets audited by PwC Brazil, were reviewed to ensure the transparency and accuracy of the results presented.
“EXAME’s recognition consolidates our position as a leader in financial services technology, and we are very pleased to share this achievement with our employees and clients,” said Pedro Mac Dowell, CEO of QI Tech.
“We remain firmly committed to our purpose of democratizing access to credit in Brazil and becoming the best financial services infrastructure provider in the market.”