Payments

Dinie earns $3.8M in funding round

July 22, 2021

Dinie, an API-embedded finance fintech company based in Brazil, has earned $3.8 million in a funding round led by Accion Venture Lab and K50 Ventures. The company plans to use the investment to improve its end-to-end embedded credit infrastructure and promote its API to Brazil's ecommerce platforms, according to a press release.

Dinie embeds its services within existing platforms and leverages data to approve and underwrite revolving credit as well as monitor cash flow and repayment behaviors for credit lines.

"Dinie's vision is to enable large ecosystems such as ecommerce marketplaces to potentially become the 'bank branch' of MSMEs, where financial products are fully distributed and contextual, and integrated with MSMEs specific business journeys. Banks are effectively becoming invisible within the MSMEs' user experience, who will be able to use their transactional data in exchange for bespoke, cheaper and effortless financial products," Suzy Ferreira, founder and CEO, Dinie, said in the release.

In addition, Dinie also acquired an additional $20 million in debt financing capacity from Empiricia Investimentos.