Open Co raises funds after merger

Open Co raises funds after merger

World Bank Equity Funds Loans M&A Brazil United States Technology

Brazilian consumer financial technology firm Open Co raised $25 million in its latest financing round, coming less than a month after start-ups Geru and Rebel merged to create the company, according to the International Finance Corporation (IFC). IFC and Goldman Sachs led the $25 million, Series C financing round and brought local investment firm Raiz Investimentos to the deal. Existing investors Monashees, LTS, Chromo and Sampa also participated in the financing, IFC said. IFC itself agreed to

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