David Vélez-Led Fund Invests R$4.2 Million in Brazilian Fintech IKKB
David Vélez's investment fund leads a key funding round of R$4.2 million in Brazilian fintech IKKB, boosting its multi-currency banking services and expansion plans.
- • IKKB raised R$4.2 million (US$800,000) led by Caravela Capital and Latitud Ventures.
- • The fintech provides global accounts allowing transactions in Brazilian reais and U.S. dollars.
- • Founded by Inteli students, IKKB serves sectors like tourism and importation plus individual investors.
- • Plans include issuing cards in the U.S. and adding licenses for euros and pounds.
- • David Vélez's Latitud Ventures focuses on backing Latin American fintech projects.
Key details
IKKB, a Brazilian fintech startup that provides global financial accounts for transactions in multiple currencies, secured R$4.2 million (approximately US$800,000) in a funding round led by Caravela Capital and Latitud Ventures—a fund founded by David Vélez of Nubank to back Latin American projects. Founded by students from the Instituto de Tecnologia e Liderança (Inteli), IKKB enables Brazilian companies to hold accounts in Brazilian reais and U.S. dollars, facilitating currency operations between them.
The startup, originally named Nexos, serves clients across tourism, importation, payment infrastructure sectors, and individual investors seeking offshore options. Featuring a team led by co-founders Rafael Katalan, Edward Konig, and Henrique Schilder, four of the seven team members are Inteli alumni.
With this fresh capital infusion, IKKB plans to expand its offerings by issuing cards in the U.S. and securing licenses to operate with additional currencies including euros and pounds. Rafael Katalan highlighted the company’s unique value in providing currency flexibility for businesses.
This investment is a notable example of Latitud Ventures’ focus on empowering financial innovation in Brazil, underlining growing investor confidence in local fintech solutions that support cross-border financial operations.
This article was translated and synthesized from Brazilian sources, providing English-speaking readers with local perspectives.
