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Stay raises $5.7M in a funding round led by Citrino to expand its corporate pension services across Brazil.
Amount Raised
$5.7 Million
Round Type
Venture
BrazilFinancial ServicesFinanceEmployee BenefitsFintechInvestors
Description
Stay, a Brazil-based fintech company specializing in private pension plans for businesses, has raised US$5.7 million in a new funding round. The funding was led by Citrino, with additional participation from Norte, 17Sigma, and BTV. Stay plans to use the capital to finance its expansion of corporate pension and long-term incentive programs across Brazil. Currently, less than 3% of Brazilian workers have access to employer-provided pension plans.
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Stay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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