# GuiaBolso Finanças Correspondente Bancário E Serviços Ltda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/guiabolso-financas-correspondente-bancario-e-servicos-ltda

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.guiabolso.com.br
- Total disclosed funding: $67M
- Latest round: Series D (Oct 18, 2017)
- Investors on record: 9

## About

Based in Brazil, GuiaBolso provides a digital platform that simplifies personal finance management, enabling users to track expenses and access financial services through a user-friendly mobile application.Founded in 2012 and headquartered in Sao Paulo, Brazil, GuiaBolso operates a digital financial management platform aimed at enhancing financial literacy among consumers. The company was founded by Benjamin Gleason, who has a background in financial technology. GuiaBolso has successfully completed a total of 6 deals, with its most recent funding round being a Series D that raised USD 39.00 mn in July 2021, led by Vostok Emerging Finance alongside other investors such as Endeavor Catalyst and International Finance Corporation.GuiaBolso primarily offers a digital financial management platform designed to simplify personal finance for individual users. The core product allows users to track their expenses, manage bank accounts, and access financial insights through a user-friendly mobile application. By aggregating data from multiple financial sources, GuiaBolso aims to enhance financial literacy and empower users to make informed decisions about their money. The platform is targeted primarily at consumers in Brazil, facilitating a connection between users and financial institutions, thereby enabling users to apply for credit and manage loans directly through the app. With a growing user base, the company focuses on enhancing its offerings in the personal finance sector, aiming to serve a diverse clientele ranging from young professionals to families seeking better budgeting tools.GuiaBolso generates revenue through a combination of partnerships with financial institutions and technology-driven services offered to its users. The transaction structure involves direct interactions with consumers, where users engage with the platform's tools for budgeting, financial planning, and credit management. Through these services, GuiaBolso may charge fees associated with particular financial transactions or premium features, as well as earn commissions from partner institutions when users successfully connect or apply for financial products. The company's EBITDA for the most recent year, 2013, was USD -27,530,283.50.In July 2021, EpicPay International, LLC acquired GuiaBolso Finanças Correspondente Bancário E Serviços Ltda. Financial terms of the deal were not disclosed. Moving forward, GuiaBolso plans to leverage its recent funding to enhance its product offerings and explore expansion into new markets within Latin America. The company is strategizing the launch of new financial management tools aimed at improving user engagement and retention, although specific products and release dates have yet to be announced.

## Funding rounds

- Series D, Oct 18, 2017, $39M — International Finance Corporation, QED Investors, Omidyar Network, Endeavor Catalyst, Ribbit Capital, Vostok Emerging Finance
- Series C, May 11, 2016, $17M — International Finance Corporation, QED Investors, Kaszek Ventures, Ribbit Capital
- Series B, Aug 21, 2015, $7M — QED Investors, Kaszek Ventures, Valor Capital Group, Omidyar Network, Ribbit Capital, Igah Ventures
- Series A, May 26, 2014, $3M — Kaszek Ventures, Valor Capital Group, Igah Ventures
- Seed, Mar 1, 2013, $1M — Valor Capital Group, Igah Ventures

## Investors

- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Seed, Series A, Series B
- Igah Ventures (https://capitalatlas.ai/funds/igah-ventures) — Seed, Series A, Series B
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series A, Series B, Series C
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B, Series C, Series D
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series B, Series D
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series B, Series C, Series D
- International Finance Corporation — Series C, Series D
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series D
- Vostok Emerging Finance — Series D