Broker dealer Ideal announced a BRL 100 million funding round led by Kaszek Ventures. This is the largest Series A funding ever received by a Latin American fintech. Investors involved in this round will hold minority shareholder interest in the broker, and the deal awaits Brazilian Central Bank approval.
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Ideal was born in 2019 with the goal of providing innovative services in the financial intermediation market. It offers cutting-edge technology for institutional investors and has been profitable from day one. In spite of its brief history, Ideal already ranks among the 3 largest Brazilian brokers in traded volumes. The new capital injection will allow the company to broaden and diversify its customer base and its activities in different segments and products.
“Our initial model has quickly proven to be effective and we have consistently been profitable. The goal of raising capital is to accelerate our growth process and enter new lines of business, in industries where we see potential for efficiency and scale gains through the adoption of our technology,” says Lucas Cury, Ideal’s COO.
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Ideal sets itself apart from the institutional market due to its fully digital process, with no human intervention whatsoever – something that usually increases prices and operational risks.
Having achieved acknowledgement and respect in the institutional market, Ideal wants to reach retail customers. “We are currently developing our project for retail investors, always mindful of our mission: to provide the best tech infrastructure, to empower customers and eliminate conflicts of interest by creating a win-win mindset that benefits clients and the service provider. Our achievements so far have shown that our vision is correct,” states Nilson Monteiro, Ideal’s CEO.
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