# Isaac

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/isaac

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.isaac.com.br
- Total disclosed funding: $129M
- Latest round: Series B (Nov 9, 2021)
- Investors on record: 3

## About

Based in Sao Paulo, Brazil, and founded in 2020, Isaac operates as a FinTech company for the financial management of schools. David Peixoto (CEO) and Ricardo Sales are the co-founders of the company. In November 2021, Isaac raised BRL 700 million in series B funding, led by new investor General Atlantic, with participation from other new investors Kaszek Ventures and Softbank Latin America Ventures. As of 2021, the company has over 400 client schools in 23 Brazilian states, serves around 160,000 students, and has processed more than BRL 900 million in tuition fees.

The company provides schools with a suite of payment and financial products, software, and communication tools to manage and automate tuition payment receivables. The platform manages the school's receivables, allowing tuition payments to be made electronically via PIX (the Brazilian immediate payment system), credit card, or bank slip. It also features a communication link with the students' families, through which pre-payment reminders can be sent.

The company plans to use the series B financing in November 2021 to expand its operations, hire additional employees, and invest in technology and new products. It also plans to raise a FIDC to finance school expansion projects.

## Funding rounds

- Series B, Nov 9, 2021, $129M — General Atlantic, Kaszek Ventures, Softbank Latin America Ventures

## Investors

- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series B
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series B
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series B