Fintech Magnetis closes US$11M to launch brokerage in Brazil
Yesterday (29), investment fintech Magnetis announced it raised US$11 million for its Series B. Redpoint eventures and Vostok Emerging Finance were the round’s ringleaders. As a result, plenty of growth, tech development, and new projects—including a brokerage service—are coming to Brazil. This is simultaneously leading to a more diverse market of tech solutions which will further strengthen the country’s startup scene. Send in the (fintech) calvaryWith Magnetis, user portfolios are personalized and the startup uses artificial intelligence (AI) tech to handle certain variables. Clearly VC investing in investment startups is attractive right now.