QI Tech has closed a $63 million Series B extension round led by General Atlantic, marking the global investment firm’s continued confidence in the Brazilian financial technology company’s infrastructure platform. The funding follows a $200 million Series B round that General Atlantic led in 2023.
The São Paulo-based company, established in 2018, operates a comprehensive technology platform that allows financial institutions, fintech firms, and enterprises to develop and deploy financial products through integrated APIs backed by regulatory licenses.
Acquisition Strategy Drives Market Leadership
QI Tech has pursued an active acquisition strategy that has expanded its capabilities across multiple financial services verticals. The company acquired anti-fraud and credit platform Zaig in 2021, followed by purchases of Singulare and Builders Bank in 2023.
These transactions have established QI Tech as Brazil’s largest FIDC custodian, with $17 billion in assets under custody and $25 billion in assets under management according to Anbima’s July 2025 rankings. The company’s platform now encompasses core banking, payments, lending, investments, and insurance services.
Insurance and Foreign Exchange Expansion
The fintech has diversified beyond traditional banking infrastructure through its insurance-as-a-service platform, which generated over $27 million in premiums within six months of launch. This expansion demonstrates the company’s ability to leverage its existing technology foundation across new financial product categories.
QI Tech is also developing foreign exchange infrastructure designed to facilitate international transactions outside the conventional SWIFT network. This initiative represents the company’s broader ambition to modernize cross-border payment systems for Brazilian businesses and financial institutions.
Capital Deployment and Strategic Vision
The fresh capital will support accelerated product development and enhance QI Tech’s acquisition capabilities as it seeks to consolidate its leadership in Brazil’s financial infrastructure sector. The funding also enables the company to expand into foreign exchange and other value-added services.
Across Capital participated in the extension round, marking its fourth consecutive investment in QI Tech. This sustained investor support reflects confidence in the company’s execution capabilities and market opportunity within Brazil’s evolving digital banking landscape.
Chief Executive Pedro Mac Dowell highlighted the strategic importance of the funding: “This new investment enhances our ability to accelerate the development of solutions aimed at modernizing Brazil’s financial infrastructure. We remain focused on expanding our portfolio with reliability, compliance, and scalability“
Market Context and Competitive Dynamics
Brazil’s financial services sector has undergone significant transformation as traditional banks and emerging fintech companies compete to serve both individual consumers and business clients. QI Tech’s infrastructure-focused approach allows it to serve as a technology provider rather than compete directly for end customers.
The company’s regulatory licenses and API-first architecture enable clients to launch financial products more rapidly than building proprietary systems. This positioning has attracted financial institutions seeking to modernize their technology stacks and fintech startups requiring foundational infrastructure.
Mac Dowell emphasized the company’s strategic acquisition focus: “The additional capital also positions QI Tech for strategic M&A moves aligned with our long-term vision” This suggests continued consolidation activity as the company seeks to expand its service offerings and market reach.