By Charlie Innis (Nov 5, 2021, 6:55 p.m. EDT) – QI Tech, a Sao Paulo-based financial technology company that aims to help businesses deliver digital banking services, said on Friday it had raised $ 50 million in a Series A round of funding led by GIC Pte. Ltd., the sovereign wealth fund of Singapore.
The Brazilian fintech company plans to use the additional capital to create new products, grow its data science team and quadruple its total number of employees. It could also consider mergers and acquisitions as part of its growth strategy, according to an announcement.
QI Tech presents itself as the first direct credit company to be approved by the Brazilian central …
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