# Brazilian Benefits and Payments Company Ltda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brazilian-benefits-and-payments-company-ltda

- Industry: Internet
- Headquarters: Sao Paulo, Brazil
- Website: www.caju.com.br
- Total disclosed funding: $36M
- Latest round: Series B (Jul 22, 2022)
- Investors on record: 8

## About

Based in Sao Paulo, Brazil, and founded in 2019, Brazilian Benefits and Payments Company Ltda., also known as Caju/Cashew, is a benefits company that allows companies to grant benefits of different categories to their employees, and allows employees to manage their benefits directly on its online platform. The company was co-founded by Eduardo Giglio and Renan Mendes and is backed by investors led by Valor Capital Group and Caravela Capital in a BRL 45 million Series A funding round in August 2021.

The Caju Platform allows companies to grant benefits of different categories to their employees such as food, meals, mobility, culture, health, education, and home office. Employees received these benefits through Caju Visa cards given by the companies, which they can use and accepted in millions of establishments.

The company generates revenue from fees transferred by the Visa brand to each purchase by users. Caju offers the service free of charge both for employees and for companies.

Caju plans to expand its service portfolio by offering a more complete range of products and services and launch new features, such as the creation of events and meetings between employees through the application. The company also plans to hire dozens of new employees and double the team this 2021.

## Funding rounds

- Series B, Jul 22, 2022, $25M — K1 Investment Management, Valor Capital Group, FJ Labs, Clocktower Technology Ventures, Caravela Capital
- Series A, Jul 1, 2021, $8.9M — Valor Capital Group, FJ Labs, Clocktower Technology Ventures, Picus Capital, Caravela Capital, Volpe Capital
- Seed, Aug 6, 2020, $2.4M — Valor Capital Group, Canary
- Seed, Jul 9, 2019 — Canary

## Investors

- Canary (https://capitalatlas.ai/funds/canary) — Seed
- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Seed, Series A, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A, Series B
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Series A, Series B
- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Series A
- Caravela Capital (https://capitalatlas.ai/funds/caravela-capital) — Series A, Series B
- Volpe Capital (https://capitalatlas.ai/funds/volpe-capital) — Series A
- K1 Investment Management (https://capitalatlas.ai/funds/k1-investment-management) — Series B