Iugu
Founded Year
2012Stage
Debt | AliveTotal Raised
$43.49MLast Raised
$21.49M | 1 yr agoAbout Iugu
Iugu offers a platform for automating and scaling the financial operation of digital businesses. Its software leverages technology to help users to customize and automate their receiving and payment needs with a focus on issuing invoices, recurrence, and splitting. It was founded in 2012 and is based in Sao Paulo, Brazil.
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Research containing Iugu
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CB Insights Intelligence Analysts have mentioned Iugu in 1 CB Insights research brief, most recently on Nov 30, 2021.
Expert Collections containing Iugu
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Iugu is included in 1 Expert Collection, including Fintech.
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Latest Iugu News
Oct 23, 2020
Iugu's platform helps smaller companies automate billing, saving time with back-office tasks. It recently got a central bank license allowing it to create an account for its clients that the CEO said “is something we can use to replace their banks altogether.” { A company created in a garage 4,500 miles from Wall Street has become Goldman Sachs Group Inc.’s latest bet to shake up Brazil’s financial system.Iugu Servicos na Internet SA, a payments fintech that provides billing services, is getting help from the U.S. powerhouse in luring new talent to expand into banking, founder Patrick Negri said in an interview. Goldman’s merchant-banking division led an investment round of 120 million reais ($22 million) in the Sao Paulo-based firm last month.
Iugu Frequently Asked Questions (FAQ)
When was Iugu founded?
Iugu was founded in 2012.
Where is Iugu's headquarters?
Iugu's headquarters is located at Av. das Nações Unidas, 12495 - Cidade Monções, Sao Paulo.
What is Iugu's latest funding round?
Iugu's latest funding round is Debt.
How much did Iugu raise?
Iugu raised a total of $43.49M.
Who are the investors of Iugu?
Investors of Iugu include Bradesco BBI, ScaleUp, Goldman Sachs, Fabio Povoa and IndicatorCapital.
Who are Iugu's competitors?
Competitors of Iugu include CloudWalk.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Iugu to Competitors
Hash operates a financial technology platform. It enables companies to create and test payment and other financial solutions. It provides non-financial business-to-business (B2B) enterprises wishing to offer banking services with payment infrastructure. The company was founded in 2017 and is based in Sao Paulo, Brazil.
Destaxa offers a payment orchestrator for offline merchants. It uses its proprietary payment rails to help merchants work with multiple payment acquirers and accept payment networks. The company was founded in 2020 and is based in Sao Paulo, Brazil.
POP Recarga offers a payment system that consists of a mobile phone card that can be loaded with money and used for purchases on the Internet.
EBANX operates as an integrated financial services company. It offers cross-border payment processing across Latin America from local fund-collecting, customer support, and know-your-customer (KYC) to remittance services, forex solutions, and international settlements. Its comprehensive business model allows the company to rapidly expand its market share in Brazil and Latin America. It was founded in 2012 and is based in Curitiba, Brazil.
Ton provides a credit card machine. The company allows users to transfer money from sales to prepaid cards and make physical, online, and even international purchases. The company was founded in 2020 and is based in Sao Paulo, Brazil.
SumUp operates as a financial technology company. The company specializes in mobile card readers, solo card readers, and more. It provides a product suite of tailor-made business tools created specifically for the micro and nano segment. It was formerly known as Ka-Ching Payments. It was founded in 2012 and is based in Wilmington, Delaware.
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