A consortium of investors completed a $21m investment in Asaas, a financial technology startup, with participation from Bradesco Private Equity & Venture Capital, Parallax Ventures, Light Capital Group, Escala and TM3 Capital. “Being a company regulated by the Central Bank of Brazil creates a seal of trust for our customers. Due to the growth, it is natural that we will strengthen the company's balance sheet to continue expanding within the regulatory requirements of our IP [Payment Institution] and SCD [Direct Credit Society] licenses authorized by the Central Bank of Brazil," Piero Contezini, Asaas Co-Founder and President.