# Quansa

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

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.quansa.io
- Total disclosed funding: $3.6M
- Latest round: Seed (Jul 21, 2021)
- Investors on record: 6

## About

Quansa is a financial technology company providing a salary-on-demand platform that enhances employee financial flexibility by allowing access to earned wages at the end of shifts, thus streamlining payroll processes for businesses.Founded in 2020 in Sao Paulo, Brazil, Quansa delivers on-demand salary solutions to businesses, enabling employees to access their wages as they earn them. The company was co-founded by Gonzalo B and Mafalda Barros. Quansa successfully raised USD 3.6 mn in a Seed funding round on July 21, 2021, led by Valor Capital Group and joined by investors including Canary, Magma Partners, and Sequoia Capital. This funding marks the total amount raised by the company to USD 3.6 mn.Quansa provides an innovative salary-on-demand platform that allows employees to access their earned wages at the end of each work shift rather than waiting for the traditional monthly payroll cycle. This service aims to enhance financial flexibility for employees, enabling them to manage their finances more effectively and reduce reliance on high-interest consumer loans or other forms of short-term debt. Quansa integrates seamlessly with existing payroll and attendance software, ensuring accurate tracking of hours worked and facilitating real-time access to earned wages. Their offerings are targeted primarily at businesses seeking to improve employee satisfaction and retention, with a notable client base that includes companies in various industries such as logistics, healthcare, retail, and hospitality across multiple countries. Quansa operates in diverse geographical markets including Latin America and Europe, providing solutions tailored to the specific needs of each region.Quansa's revenue model is based on partnerships with businesses that utilize their salary-on-demand service to enhance employee benefits. The company charges client businesses a fee for transaction processing, which occurs at the end of the month when the employer pays Quansa for the total amount of wages accessed by employees. This structure allows organizations to offer the service without affecting their payroll processes, as employees receive their wages through an online wallet, facilitating easier access to funds. Additionally, the platform's integration capabilities allow for real-time updates on employee transactions, which simplifies the payroll reconciliation process for HR departments. As a result, Quansa helps companies improve their employee engagement and satisfaction while also providing a competitive edge in attracting and retaining talent.In July 2021, Quansa raised USD 3.6 mn in Seed funding led by Valor Capital Group, which will be used to expand their team and invest aggressively in technology to enhance their financial care solution for companies and workers. The company plans to launch new products designed to further streamline salary access and improve user experience, with anticipated release dates to be announced. Additionally, Quansa aims to expand into new markets in Latin America and Europe by the end of 2023, capitalizing on the growing demand for flexible wage access solutions.

## Funding rounds

- Seed, Jul 21, 2021, $3.6M — Hong Shan, Valor Capital Group, Pear VC, Magma Partners, Canary, Norte Ventures

## Investors

- Hong Shan — Seed
- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Seed
- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Seed
- Magma Partners (https://capitalatlas.ai/funds/magma-partners) — Seed
- Canary (https://capitalatlas.ai/funds/canary) — Seed
- Norte Ventures (https://capitalatlas.ai/funds/norte-ventures) — Seed