modalmais
Stage
Corporate Minority | AliveTotal Raised
$339.5MValuation
$0000Last Raised
$339.5M | 3 yrs agoAbout modalmais
Modalmais is a digital bank that operates in the financial services industry. The company offers a range of services including investment options such as stocks, futures contracts, and private pension plans, as well as everyday banking services like payments, transfers, and insurance. It primarily serves individual investors. It is based in Sao Paulo, Brazil.
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Expert Collections containing modalmais
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
modalmais is included in 3 Expert Collections, including Digital Banking.
Digital Banking
895 items
Companies and startups in this collection provide banking services to consumers and businesses, as well as enhance, automate, and/or digitize operations for banks and financial institutions.
Wealth Tech
2,053 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
12,502 items
Excludes US-based companies
Latest modalmais News
Sep 10, 2021
Brazil Journal há 1 hora Compartilhe Shoppings — O Morgan Stanley atualizou suas recomendações para o setor de shoppings. O banco moveu BR Malls para ‘overweight’ (compra), e Multiplan e Iguatemi para ‘equal-weight’ (manutenção). O preço-alvo de R$ 11 para BR Malls implica 30% de upside. A ação opera perto de R$ 8,80. Os preços-alvo para Iguatemi e Multiplan são de R$ 38 e R$ 23, com upside de 20% e 17%, respectivamente. Inter — O Bank of America começou a cobrir o Inter com recomendação de compra e preço-alvo de R$ 80 para a unit, implicando um upside potencial de 28%. O papel negocia ao redor de R$ 62. O BofA diz que o Inter tem capacidade de ampliar sua base de clientes com baixo custo de aquisição e que o processo de monetização dos clientes ainda está em estágio inicial. “O Inter está no caminho certo, conseguindo aumentar o cross-sell de produtos e a taxa de ativação de clientes.” ModalMais — O Citi começou a cobrir o ModalMais com ‘buy’ e preço-alvo de R$ 23 por unit — um upside de 38% em relação ao preço de tela. O Citi estima que o ModalMais atinja R$ 29 bilhões de ativos sob custódia no final deste ano e R$ 62 bilhões em 2022. Nas contas do banco, o ModalMais negocia a 16x o lucro estimado para o ano que vem, em comparação aos 34x da XP. No modelo do Citi, o Modal deveria negociar a 21x. 3tentos — O Citi acha que a 3tentos vale quase o dobro do preço de tela. O banco começou a cobrir a agroindustrial com preco-alvo de R$ 19. O papel saiu a R$ 12,25 no IPO, há apenas dois meses, e hoje sai abaixo de R$ 10. A preços de hoje, o Citi vê a ação negociando a 9x o lucro estimado e 7x o EBITDA de 2022, “o que parece ser uma boa oportunidade de entrada.” Compartilhe
modalmais Frequently Asked Questions (FAQ)
Where is modalmais's headquarters?
modalmais's headquarters is located at Av. Pres. Juscelino Kubitschek, Sao Paulo.
What is modalmais's latest funding round?
modalmais's latest funding round is Corporate Minority.
How much did modalmais raise?
modalmais raised a total of $339.5M.
Who are the investors of modalmais?
Investors of modalmais include Credit Suisse.
Who are modalmais's competitors?
Competitors of modalmais include Warren.
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Compare modalmais to Competitors
Mutual is a financial institution that operates in the finance and investment sector. The company offers alternative investment opportunities, providing a curated selection of assets from partner companies for its clients to invest in. Mutual primarily serves individual investors and businesses looking for non-traditional investment options. It was founded in 2018 and is based in Rio de Janeiro, Brazil.
Warren operates as an investment platform. It simplifies finances and transforms the habit of investing. It offers an experience that places each client and their objectives at the center of the definitions. The company was founded in 2014 and is based in Rio Grande do Sul, Brazil.
Magnetis offers a platform for investment consulting and automated portfolio management solutions. It provides online investment advisory services through its integrated application. The company was founded in 2012 and is based in Sao Paulo, Brazil. In August 2023, Magnetis was acquired by BTG Pactual. The terms of the transaction were not disclosed.
Verios offers automatic investment services. It helps to compare each individual account to its predetermined target portfolio and make algorithm-based decisions providing asset management services to retail customers. It was founded in 2013 and is based in Sao Paulo, Brazil. In January 2021, Verios was acquired by Easynvest.
BTG Pactual (BVMF: BPAC11) is a financial advisory firm. It operates in the markets of investment banking, wealth management, asset management, corporate lending, sales, and trading. The company was founded in 1983 and is based in Sao Paulo, Brazil.
XP (NASDAQ: XP) is a financial services company whose corporate structure allows it to operate in different segments and countries with relevance and efficiency. Its companies include XP Investments, Rico, Clear, Infomomey, XP Investments, XP Insurance Broker, XP Resource Management, and XP Advisory. The company was founded in 2001 and is based in Sao Paulo, Brazil. In April 2022, Itau Unibanco acquired a majority stake in XP at a valuation of $1.59B.
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