Kanastra
“Can a technology-first backoffice become the default operating system for Brazil's private credit market?”
Founded2022
HQUberlândia, Minas Gerais, Brazil
Total raised$90.2M
Latest roundSeries B, 2025
IndustryInfrastructure / BaaS
The story
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.
Last 12 months
Product timeline
2022
Kanastra founded to provide technology backoffice for structured funds and securitizations in Brazil.· pivot
2024
Expanded into banking-as-a-service for credit originators (escrow, payment accounts, PIX, boleto).· banking
2025
Raised $30M Series B led by F-Prime Capital to scale private-credit infrastructure in Brazil.· banking
Regulated entities
3
regulatory licences held by Kanastra
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Kanastra’s embedded-finance stack
Payments / PSP
Kanastra Banking (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Ledger
in the full report
Lending
in the full report
Accounting gap: minor
10 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.