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Corporation
sinqia.com.br

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Investments

1

About Sinqia

Sinqia (BOVESPA: SQIA3) is a Brazilian fintech company that operates four software brands (Sinqia Banks, Sinqia Funds, Sinqia Previdencia, and Sinqia Consorcios) and two services (Sinqia Consulting and Sinqia Outsourcing).

Sinqia Headquarter Location

Rua Bela Cintra 755

Sao Paulo, 01415-003,

Brazil

+55 (11) 2182-4902

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Latest Sinqia News

Brazil’s fintech provider Sinqia acquires software tech startup NewCon for $75 million

Dec 23, 2021

Sinqia , a Brazilian fintech company that offers IT solutions to financial institutions, including banks, insurance companies, has acquired  NewCon , a small tech startup and local developer of software for consortiums, in a transaction worth $74.73 million (422.5 million reais). The deal, which is Sinqia’s largest acquisition to date, includes a cash payment and five annual installments. Founded in 2003, Newcon Software S/A is a Brazil-based software startup company with 190 employees. NewCon develops software for Brazil’s consortium market. Due to the high cost of big-ticket items, companies in Brazil create consortiums that allow members to collectively save by making monthly payments to buy big-ticket items like apartments and cars. Through raffles, members are awarded letters of credit to make cash purchases, instead of having to pay interest in financing plans. Today, Brazil currently has over 130 consortium administrators that traded 181.8 billion credits from January to October this year, an increase of 38% over the same period last year, according to the data. NewCon serves 80 consortiums created by financial conglomerates, carmakers, and other companies, “including those from the main financial conglomerates and car manufacturers, as well as independent managers,” Sinqia said in a statement. Sinqia is one of the fastest-growing companies in Brazil and was selected in the years 2017, 2018, 2019, and 2020 as one of the 100 largest Fintechs in the world by the International Data Corporation (IDC). Since its inception in 2005, Sinqia has made 22 acquisitions and currently has 410 customers and 110,000 shareholders. Sinqia offers four software platforms (Sinqia Banks, Sinqia Fundos, Sinqia Previdência, and Sinqia Consortiums) and two service platforms (Sinqia Outsourcing and Sinqia Consulting). 0

Sinqia Investments

1 Investments

Sinqia has made 1 investments. Their latest investment was in Darwin Startups as part of their Corporate Minority on March 3, 2020.

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Sinqia Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/25/2020

Corporate Minority

Darwin Startups

Yes

1

Date

3/25/2020

Round

Corporate Minority

Company

Darwin Startups

Amount

New?

Yes

Co-Investors

Sources

1

Sinqia Acquisitions

13 Acquisitions

Sinqia acquired 13 companies. Their latest acquisition was LOTE45 on January 18, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/18/2022

$99M

Corporate Majority

2

12/23/2021

$99M

Acquired

6

10/26/2021

$99M

Corporate Majority

2

7/27/2021

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$99M

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10

7/27/2021

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$99M

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10

Date

1/18/2022

12/23/2021

10/26/2021

7/27/2021

7/27/2021

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Corporate Majority

Acquired

Corporate Majority

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Sources

2

6

2

10

10

Sinqia Team

1 Team Member

Sinqia has 1 team member, including former Chief Financial Officer, Jakson Peters.

Name

Work History

Title

Status

Jakson Peters

Chief Financial Officer

Former

Name

Jakson Peters

Work History

Title

Chief Financial Officer

Status

Former

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