# Monongahela Consultoria Empresarial Ltda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monongahela-consultoria-empresarial-ltda

- Industry: Software
- Headquarters: Sao Paulo, Brazil
- Website: www.xerpa.com.br
- Total disclosed funding: $17M
- Latest round: Series B (Sep 17, 2019)
- Investors on record: 5

## About

Monongahela Consultoria Empresarial Ltda. specializes in providing innovative financial solutions that empower employees to access their earned wages on demand, promoting financial stability and reducing reliance on high-interest credit alternatives.Founded in 2015, Monongahela Consultoria Empresarial Ltda. operates in Sao Paulo, Brazil, offering financial solutions that enhance employee benefits. The company has completed a total of 6 deals, with its most recent funding round being a Series B in September 2019, where it raised BRL 53 million led by Vostok Emerging Finance, alongside participation from Founders Fund, Kaszek Ventures, QED Investors, and Redpoint eVentures.Monongahela Consultoria Empresarial Ltda. offers Xerpay, a financial benefit solution that enables employees to access their earned wages on demand. This service enhances employee financial stability and reduces dependence on high-interest credit options. Xerpay's primary clientele includes businesses across diverse sectors in Brazil, providing a modern salary flexibility benefit that assists employees during financial emergencies and promotes overall well-being.The company earns revenue through partnerships with organizations implementing their salary-on-demand solution. Businesses pay for the Xerpay platform, which allows employees to access their earned wages via a mobile application, seamlessly integrating into existing payroll structures. The service operates on a subscription or service fee model tailored to client organization size and employee count.Looking ahead, Monongahela Consultoria Empresarial Ltda. plans to leverage its Series B funding of BRL 53 million raised in September 2019 to expand its product offerings and enhance market reach. Specific strategies include launching new features within the Xerpay platform, with targeted efforts to enter additional geographic markets across Latin America by 2022.

## Funding rounds

- Series B, Sep 17, 2019, $13M — Founders Fund, QED Investors, Kaszek Ventures, Redpoint eVentures, Vostok Emerging Finance
- Series A, May 9, 2019, $4.1M — QED Investors, Kaszek Ventures, Redpoint eVentures

## Investors

- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series A, Series B
- Redpoint eVentures (https://capitalatlas.ai/funds/redpoint-eventures) — Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B
- Vostok Emerging Finance — Series B