# CondoConta Financeira

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/condoconta-financeira

- Industry: Financial Services
- Headquarters: Florianopolis, Brazil
- Website: www.condoconta.com.br
- Total disclosed funding: $2.4M
- Latest round: Seed (Sep 8, 2021)
- Investors on record: 5

## About

Based in Brazil, CondoConta specializes in providing tailored financial solutions for condominium management, offering efficient banking services that enhance financial organization and transparency for their clients.Founded in 2020 in Florianopolis, Brazil, CondoConta Financeira SA focuses on delivering banking solutions for condominiums. The company’s founders are Rafael da Costa and Rodrigo Della Rocca, who also serves as CEO. In October 2023, CondoConta raised BRL 30 million in a funding round led by EXT Capital, bringing their total amount raised to BRL 72.30 million across 5 deals, with the most recent deal occurring on October 5, 2023.CondoConta specializes in providing banking solutions tailored specifically for condominium management in Brazil. Its core offerings include a comprehensive banking account designed for condominiums, which facilitates financial organization by enabling users to pay bills, make transfers, and manage a reserve fund with optimal profitability. The platform also provides an automated system for issuing condominium quotas in bulk, offering seamless integration with existing management systems through APIs and banking integrations. Targeting a broad client base that includes professional condominium managers, resident syndics, and property management companies, CondoConta aims to enhance financial stability and transparency for its users. The services are tailored for the Brazilian market, specifically designed to meet the unique needs of condominium financial management across various states.CondoConta generates revenue through transactional fees associated with its banking services and the issuance of condominium quotas. The company operates on a direct-to-consumer model, where clients, including condominium administrators and managers, utilize the platform for financial transactions. These transactions may involve service fees for payments processed through the platform, as well as potential partnership opportunities with property management systems (ERPs) that integrate CondoConta’s services. The structure is built on facilitating efficient financial operations for managers, with predictable revenue streams tied to their subscription and service usage. The specific pricing plans and transaction fees associated with the various services are integrated within the platform, ensuring a streamlined experience for all users engaged in condominium management.In October 2023, CondoConta Financeira SA raised BRL 30 million in venture funding led by EXT Capital. The company plans to utilize this funding to enhance its loan capacity for financing and to expand building condominium construction. Additionally, CondoConta is focusing on developing new products aimed at improving its service offerings and is considering expansion into new geographic regions to capture a broader market share in the financial management sector.

## Funding rounds

- Seed, Sep 8, 2021, $1.1M — Creditas Solucioes Ltda., Redpoint eVentures, Rappi S.A.S, Gympass, Inc.
- Seed, Mar 19, 2021, $1.2M — Redpoint eVentures, Darwin Startups

## Investors

- Redpoint eVentures (https://capitalatlas.ai/funds/redpoint-eventures) — Seed
- Darwin Startups (https://capitalatlas.ai/funds/darwin-startups) — Seed
- Creditas Solucioes Ltda. — Seed
- Rappi S.A.S — Seed
- Gympass, Inc. — Seed