Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development

Kanastra, a financial technology company providing technology infrastructure and services for private credit funds and securitizations, today announced a $30 million Series B round led by F-Prime, with contributions from the International Finance Corporation (IFC), the World Bank’s investment arm, as well as follow-on investments from current investors Kaszek, Valor Capital, Quona Capital and Itaú, Latin America’s largest bank. The new capital will be used to accelerate product development, deepen automation across the private credit funds lifecycle, and expand Kanastra’s client base.

Private credit has become one of the fastest-growing sources of financing for companies in Brazil. Over the last five years, private credit funds have grown by 230% as businesses increasingly turn to asset-backed facilities outside of traditional banks. Yet the infrastructure to support this market has remained fragmented, manual, and costly to scale. Kanastra is purpose-built to serve Brazil’s rapidly expanding private credit market, which has become a critical source of financing for all sorts of companies through asset-backed facilities.

“With private credit in Brazil compounding at double-digit rates, operational and tech demands are growing increasingly complex as both the market and the structures get more mature. Kanastra provides infrastructure to abstract that complexity away so our clients can focus on their core activities,” said Gustavo Mapeli, co-founder and CEO of the company. “The fundraise comes on top of Kanastra’s very strong execution, and the partnership with both F-Prime and the IFC brings deep expertise and institutional validation to our mission.”

Kanastra’s platform streamlines fund services, securitization and banking services, allowing issuers, asset managers, and banks to operate their portfolio with greater scale, efficiency, and transparency. In under three years, the company reached USD $7 billion in assets under service across 250 facilities. Over the past 12 months alone, the company has grown 150%, counting some of the largest Brazilian banks (Itaú), investment management companies (XP Investments), private credit funds (Patria Investments, Vinci Partners), and originators ( Solfácil and Creditas ) as its customers. Earlier this year, Kanastra secured a strategic investment from Itaú alongside a commercial agreement to serve Latin America’s largest bank.

“Brazil’s private credit market is at an inflection point: it has grown 230% over the last five years attracting global capital allocators thanks to macro and regulation tailwinds, yet it still lacks the digital infrastructure to support AUM growth. Kanastra has built an end-to-end technology platform and operational foundation needed for it to flourish and we are impressed by their execution capabilities and product velocity,” said Rocio Wu, Partner at F-Prime. “We believe they’re not just building a company, but setting the standard for how this asset class matures in Latin America and beyond.”