Brazilian fintech Alume raises $7M

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Brazilian fintech Alume raised $7M in a round led by Japan’s Credit Saison in the fund’s first investment in higher education financing in Brazil.

With the funds, Alume will provide more loans to medical students and newly graduated doctors

Alume offers student loans to medical students in Brazil. The fintech is expanding by adding an accounting service for doctors who operate as legal entities and need help managing their accounting and taxes.

“Alume differentiates itself by combining technology with a deep understanding of the medical sector. Our medical-specialized accountants deliver a superior experience and tax savings for professionals,” said Pedro Silveira, Co-founder and CEO of Alume.

Founded in 2019, Alume has over 4,000 clients and has loaned out $29M to date. 

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