Kamino, an AI-powered financial-management platform built to pull mid-sized companies off spreadsheets, generic ERPs, and clunky banking workflows, closed a $10 mn (R$54 mn) round co-led by Flourish Ventures and Quona Capital.
Endeavor Catalyst joined the cap table. The new capital fuels customer acquisition and new products aimed squarely at CFOs who want faster, cleaner decision support.
Founded in 2021, Brasilian startup Kamino has raised over $20 mn to date and already serves more than 2,000 clients nationwide and has processed over $2.7 bn through its platform.
The fintech originally targeted startups, but the real gap showed up in the mid-market, where finance teams still wrestle with manual reconciliation and siloed tools.
CEO Gonzalo Parejo says the company won over finance managers by automating payables, receivables, and real-time bank reconciliation. The next push introduces automatic performance analytics, cash-flow forecasting, and AI features that give CFOs sharper visibility.
We have already eliminated much of the manual work in accounts payable and receivable, integrated data from all banks in real time, and reduced waste caused by fraud, incorrect payments, or inefficient collection management, all with complete cash control in one place.Gonzalo Parejo, Kamino’s co-founder and CEO
“Now we take the next step: supporting CFOs with automated analysis, cash flow forecasts, and reliable information for fast, strategic decisions,” said Gonzalo Parejo.
The plan is to help finance leaders manage liquidity, collections, and spending while offering tools that can surface strategic actions based on their own data.
Parejo says the biggest gain wasn’t just the cash – it was finding investors who understand how hard it is to build software for emerging markets like Brazil.
Flourish has been helping refine Kamino’s go-to-market motion and strengthen its software-first positioning.
Quona has pushed the team to round out the core platform with banking functionality, corporate cards, and smoother integrations with outside institutions. Despite the momentum, Kamino isn’t looking abroad.
Parejo estimates Brazil alone has roughly 1mn mid-sized companies that fit Kamino’s profile, and the team won’t consider international expansion until it has meaningful penetration at home.
The ambition is to become the operating system for CFOs – the hub where all financial data, cash-flow streams, and planning tools converge. Kamino is targeting R$60mn in annual recurring revenue by 2026.
Source: https://beinsure.com/
