01 Payments and Business

SoftwareSeries ASao Paulo, Brazilz1.app

Latest round

Series A

Last raised

Nov 2021

Total raised

$13M

Investors

11

About 01 Payments and Business

Based in Brazil, 01 Payments and Business, Ltd.01 Payments and Business, Ltd. was founded in 2020 in Sao Paulo, Brazil, focusing on delivering innovative digital banking services. The founders, João Thompson, Mateus Craveiro, Sophie Secaf, and Thiago Achatz, have leveraged their diverse expertise in the financial technology sector to develop the company's offerings.CASH, offers a comprehensive suite of digital banking services primarily targeting Gen Z users in Latin America. The core product is a digital account that allows users to manage their finances without the risk of debt. Key functionalities include a reloadable prepaid card, real-time payments, group savings features, and a credit card designed to foster responsible spending habits. Users can set their own spending limits based on reserved funds, ensuring they never exceed their budget.Z1 generates revenue primarily through transaction fees associated with its digital banking services. Customers can utilize the reloadable prepaid card for purchases, which incurs fees for certain transactions including ATM withdrawals and currency conversions. The company operates a direct-to-consumer business model, allowing users to access services through a mobile app.In April 2023, 01 Payments and Business, Ltd. The company aims to expand its services into new geographic regions, particularly focusing on areas with a significant youth demographic in Latin America.

Who invested in 01 Payments and Business

11 investors across 4 rounds

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Funding rounds

  1. Series A

    Nov 22, 2021

    Amount

    $9.9M

    Investors

    Locked

  2. Seed

    May 12, 2021

    Amount

    $2.7M

    Investors

    Locked

  3. Seed

    Mar 9, 2021

    Amount

    $0.1M

    Investors

    Locked

  4. Seed

    Mar 1, 2020

    Amount

    $0.7M

    Investors

    Locked

Questions about 01 Payments and Business

Who invested in 01 Payments and Business?

01 Payments and Business has 11 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has 01 Payments and Business raised?

01 Payments and Business has raised 4 venture rounds. Sign up free to see how much each round raised and the total.

When did 01 Payments and Business last raise money?

01 Payments and Business's most recent round on record is a Series A, in Nov 2021.

What does 01 Payments and Business do?

Based in Brazil, 01 Payments and Business, Ltd.

Where is 01 Payments and Business headquartered?

01 Payments and Business is headquartered in Sao Paulo, Brazil.

Which VCs invest in companies like 01 Payments and Business?

Among active investors with capital left to deploy, Crescera Capital, Kaszek Ventures, dao5 and LIV Capital back software companies at 01 Payments and Business's stage. Their profiles are linked below.

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