Caveo has raised $10 million in Series A funding to expand its specialized fintech platform for medical professionals in Brazil.

Target Information

Caveo has successfully raised $10 million in a Series A funding round aimed at expanding its fintech platform specifically for medical professionals. Founded in 2022, the startup has established itself as a financial service provider catering exclusively to physicians, integrating services such as a digital account, accounting management, and AI-driven operational assistance via WhatsApp. The completion of this funding round, which amounted to R$54 million (approximately $10 million), was led by Zenda and included contributions from several new and notable investors, thereby solidifying Caveo's position within its specialized niche.

The platform currently services 93% of medical schools in Brazil and has reached 18% of graduates in 2024. By the end of 2025, it is predicted that approximately 40% of newly graduated physicians will be impacted by Caveo's offerings, with experienced professionals already comprising 30% of its new customer base. The company’s solutions address the persistent financial uncertainties many medical professionals face, with over 70% expressing concerns about accounting and tax-related issues.

Industry Overview

The Brazilian healthcare sector is undergoing significant transformation driven by digitalization, with an increasing number of active medical practitioners expected to surpass one million by 2035. As traditional financial services struggle to meet the unique needs of health profes