Conta Simples Secures $41.5M for Revolutionary Expense Management Method in Brazil
Conta Simples, an expense management and corporate card company in Brazil, raised a Series B round of $41.5 million, or more than R$200 million.
The new funding comes as company executives Rodrigo Tognini, CEO, and Taeli Klaumann, CFO, tell TechCrunch that 2023 was the “best year” for Conta Simples.
In 2022, the company acquired online ads startup Hackr Ads following a R$121 million Series A ($24.8 million in today’s dollars).
This gave Hackr Ads’ customers the ability to use Conta and for Conta to provide its customers with a way to manage advertising campaigns.
“Some big companies, not only in Brazil, but all countries, are not well served with expense management, so there is a huge potential there,” Klaumann said.
