Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Brazil's QI Tech Acquires Fraud Prevention and Onboarding Solutions Firm Zaig.

Document Cited in Related
Vincent

MANews-(C)2009-2021

Brazil-based direct credit company QI Tech has acquired fraud prevention and onboarding solutions firm Zaig, its first acquisition after a USD 50m investment round by Singapore's Sovereign Wealth Fund, the company said.

The acquisition of Zaig is part of QI Tech's strategy of becoming a "one stop shop" solution for credit services.

With the acquisition, the company is now able to offer end-to-end Credit as a Service to all of its clients.

Since 2019, Zaig operates on fraud prevention and onboarding solutions. Zaig's products also follow the "as a Service" model, assisting large companies and fintechs, such as Unidas, Nexoos, Banco Bari and Olist.

Together with QI Tech's products, the synergy of both solutions will provide the full cycle for companies that want to offer credit to the market, the company said.

Over a month ago, QI Tech received a USD 50m investment from GIC, announcing that part of the capital raised would be destined to M and A operations.

Currently, the company has more than 100 clients...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT