In partnership with QI Tech, Wellhub launches a BRL 100 million credit fund
Wellhub, formerly known as Gympass, has taken a strategic step into the financial market with the launch of a new business vertical called “Financial Solutions by Wellhub.”
With operations beginning in September, the company launched a BRL 100 million fund to provide credit to partner gyms, studios, and fitness apps. The initiative has one central objective: to expand access to financing so these businesses can grow their operations.
To make the operation possible, Wellhub relied on QI Tech’s solutions across three different areas:
- Fund administration and custody: we ensure that the fund is administered transparently and securely through proprietary technological and regulatory solutions. This encompasses everything from resource management to compliance with all applicable regulatory requirements. QI Tech also enables real-time monitoring of financial flows, providing confidence to both Wellhub and the partners accessing the credit;
- Commercial Paper Bookkeeping: we provide the infrastructure required to issue commercial paper, an essential instrument for the formalization and structuring of the credit granted, ensuring legal and operational soundness;
- Electronic signature: contracts are executed entirely digitally through QI Tech’s electronic signature solution, delivering greater speed and security.
The partnership reinforces QI Tech’s mission to democratize access to robust financial solutions, enabling companies from different industries to innovate and offer credit in a safer and fully regulated manner.
The launch of the fund represents a significant transformation for the fitness and wellness industry. By creating new financing opportunities, gyms and studios will be better positioned to invest in infrastructure, technology, and services, ultimately delivering an even better experience to their end customers.
With QI Tech’s support, Wellhub is not only expanding its operations but also contributing to the sustainable development of thousands of partner businesses.