“Can a technology-first backoffice become the default operating system for Brazil's private credit market?”
Kanastra was founded in 2022 as a technology-first backoffice for Brazil's alternative investments industry — a market long dominated by legacy fund administrators. The company layered banking-as-a-service (PIX, boleto, escrow accounts) on top of its fund and securitization software to become the full-stack operating system for private credit originators. The 2025 Series B, led by F-Prime with participation from Itaú and IFC, positions Kanastra as core infrastructure for Brazil's booming private credit market.
Kanastra discloses Kanastra Banking (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Kanastra does not disclose a bank charter of its own; its banking services are provided through Kanastra Banking (in-house).
Kanastra processes payments through Kanastra Banking (self-operated). Disclosed money-movement rails: Pix.
Kanastra's lending and capital products are provided by Kanastra Banking (in-house).
Kanastra runs its ledger on Kanastra proprietary ledger (in-house).
The Embedded Finance Index 2026 maps 5 layers in Kanastra's stack: Payments / PSP (Kanastra Banking (self-operated)); Money movement (Pix); Banking / BaaS (Kanastra Banking (in-house)); Ledger (Kanastra proprietary ledger (in-house)); Lending (Kanastra Banking (in-house), Securitization issuance (single and multi-tranche ABS), Backup servicing, Fund administration for private credit funds and 3 others).
Kanastra is founded in 2022 and headquartered in Uberlândia, Minas Gerais, Brazil.
Kanastra has raised $90.2M in total (latest round: Series B, 2025).
Get a read on where your own stack stands against Kanastra and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.