SAO PAULO, Oct 31 (Reuters) - QI Tech, a Brazilian financial services provider to businesses, raised 1 billion reais ($200 million) in a Series B round led by General Atlantic to fund future acquisitions while preparing for a potential public offering, the company said on Tuesday.
The Sao Paulo-based firm provides banking services and digital infrastructure for businesses.
With the funds, QI Tech will be "very attentive to market opportunities," co-founder and Chief Financial Officer Marcelo Bentivoglio told Reuters.
In addition to General Atlantic, the round was joined by Across Capital Partners, which already was a shareholder in the firm.
QI Tech had also previously received investments from Singapore's GIC in a round that raised $50 million.
Persons:
Marcelo Bentivoglio, Bentivoglio, Patricia Vilas Boas, Peter Frontini, Chris Reese
Organizations:
SAO PAULO, QI Tech, General Atlantic, Tech, Reuters, Across Capital Partners, Thomson
Locations:
Sao Paulo, Brazil