Brazilian startup IZI raised a $800K round led by Domo VC. IZI will use the funds to invest in growth and to expand its sales and product team. IZI was founded in 2019 as a business intelligence platform for supermarkets and recently launched IZI Cash to provide credit for supermarket suppliers.
“With IZI Cash suppliers will have credit in their account in seconds, at their disposal and will make the wheel of the economy turn more smoothly,” said Humberto Cavalcante, co-founder and CEO of IZI.
IZI wants to impact the entire supermarket chain, especially suppliers that have little access to financial institutions, such as rural producers and agribusiness associations.
Read more on Startupi
Felipe Osorno-Giraldo
Felipe is currently an investment intern at Magma partners while he finishes his business administration studies at CESA university in Bogotá. He was the first employee of Colombian proptech Duppla, where he fell in love with startups and their potential to solve Latam’s biggest problems
You May Also Like
Mercadoni Raises $9M Series A from Brazil’s Movile
- bySophia Wood
- January 3, 2018
Movile, the Brazilian mobile application giant with more than 120M monthly users invested $9M into Colombian delivery company…
Wayra Chile Invests $500K into Three Chilean Startups
- bySophia Wood
- February 8, 2018
Wayra, the investment arm of Telefonica and Movistar, the Spanish telecom giant, announced that they’d invested a total…
Chilean construction startup Ipsum raises US$1M round, led by Cemex
- bySophia Wood
- January 10, 2018
IPSUM is streamlining construction projects across Latin America. In a story originally reported by El Mercurio, this Chilean startup,…