# Cashway Tecnologia da Informação S/A

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cashway-tecnologia-da-informacao-s-a

- Industry: Financial Services
- Headquarters: Florianopolis, Brazil
- Website: www.cashway.io
- Total disclosed funding: $0.9M
- Latest round: Seed (Nov 16, 2021)
- Investors on record: 2

## About

Cashway Tecnologia da Informação S/A is a technology company specializing in comprehensive financial solutions, including core banking and regulatory compliance services tailored for banks and payment organizations.Founded in 2019 by Felipe Santiago, Cashway Tecnologia da Informação S/A operates from its headquarters in Florianopolis, Brazil. The company focuses on providing integrated banking solutions and has successfully completed one deal. In November 2021, it raised BRL 5 million in a Seed funding round led by Torq Ventures with participation from Invisto. This funding is aimed at advancing their position in cloud solutions.Cashway offers a suite of core banking, regulatory compliance, accounting, and Banking as a Service (BaaS) solutions aimed at financial institutions and payment organizations. Their platform enhances operational efficiency and customer management through features like credit management, digital account services, and investment modules, primarily serving cooperatives, fintechs, and traditional banks in Brazil, with potential for adaptation in other regions.In 2021, Cashway generated revenue of BRL 965,507.5 with an EBITDA of -BRL 425,723.1. The company’s revenue model relies on B2B partnerships, where clients subscribe to various services, allowing for scalable pricing based on the functionalities utilized.Following their Seed funding of BRL 5 million raised on November 16, 2021, Cashway plans to leverage this investment to enhance its cloud solutions. The company is focusing on the development of new products aimed at improving its service offerings and is targeting expansion into additional markets beyond Brazil, although specific regions and timelines have not been disclosed.

## Funding rounds

- Seed, Nov 16, 2021, $0.9M — Invisto, Torq Ventures

## Investors

- Invisto (https://capitalatlas.ai/funds/invisto) — Seed
- Torq Ventures (https://capitalatlas.ai/funds/torq-ventures) — Seed