QI Tech, a Brazilian startup specializing in technology infrastructure for financial services, has experienced a period of intense activity. After raising US$200 million in late 2023 and acquiring 100% of brokerage firm Singulare to expand its operations in FIDCs, the fintech announced an extension of its Series B round, adding another US$50 million to its capital with the support of investors General Atlantic and Across Capital.
The previous round had brought the fintech close to a US$1 billion valuation. With the new investment, the company officially surpassed that milestone and is now valued at approximately US$1.5 billion.
According to an official statement, the company’s unicorn status reflects the hard work and collaboration of its entire team, as well as the investors’ continued trust and support.
The decision to raise additional capital only six months after the previous investment was driven by the need to finance the acquisition of Singulare.
QI Tech’s short- and medium-term strategy includes pursuing M&A transactions — mergers and acquisitions — as an important part of its expansion plans. The fintech intends to accelerate its growth through acquisitions, aiming to reach the scale required to pursue an initial public offering — IPO — within three years. QI Tech states that it has been profitable since its first year of operations.
The fintech became the first Brazilian company to achieve unicorn status in 2024 and the first Brazilian unicorn in the previous two years.
Founded in 2018, QI Tech positions itself as a kind of AWS for financial services, providing Banking as a Service, securities distribution, KYC, fraud prevention, and Lending as a Service solutions. The company offers a comprehensive API portfolio that enables any business to provide financial products to its customers. QI Tech currently serves more than 400 clients, including Vivo, Unidas, 99, and QuintoAndar.