IORQ, a new white-label credit platform in Brazil co-founded by Patrick Sigrist, aims to improve access to financing for businesses through technology and has secured R$ 35 million in funding to support its growth.
Target Information
IORQ, a newly launched white-label credit platform co-founded by Patrick Sigrist—who is also the co-founder of iFood and founder of fintech Nomad—aims to enhance access to financing for companies in Brazil through a technology-driven approach at a lower cost. The platform has commenced operations with R$ 2.5 billion under management, following its acquisition of Quatá Investimentos, a well-established firm with over 16 years in corporate credit.
Quatá Investimentos has successfully originated more than R$ 15 billion for firms utilizing financial instruments like FIDCs (Investment Funds in Credit Rights). IORQ plans to increase its managed volume by 50% within this fiscal year, positioning itself as a significant player in the Brazilian credit market.
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Industry Overview in Brazil
The Brazilian credit market has been undergoing a transformative shift, driven largely by technological advancements and changing consumer preferences. Financial technology (fintech) companies are rapidly emerging as key players, vying to cre
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Transaction Size: $7M