Capim, a start that offers the Brazilians to buy now, to pay later (BNPL) for dental services, has raised $ 26.7 million in the Series A series, says TechCrunch exclusively.
Founded in July 2021 by Marcelo Lutz and Roberto Biselli, who serve as co-acos, based on Sao Paulo based on Capsule It describes itself as a vertical SAAS company specializing in the dental sector. He claims that his operating system helps dentists digitize and manage their clinics and increase revenue.
One of the things that Capim software does, for example, is to help patients make an appointment digitally in connected clinics. On the BNPL front, the company says this offer is less expensive than an alternative such as a credit card.
“Unlike common practice in Brazil of payment in installments with credit cards – which requires both a credit card limit and the ability to pay within a limited number Payments up to 36 installments, “Biselli told TechCrunch. He argues that interest rates on interest rates are 50% lower than those charged by traditional banks.
Now with the latest capital infusion, Capim plans to expand its financial offers with a POS (Point of Sale) terminal that will provide significantly lower discount rates (MDR) clinics, while integrated with the SAAS financial management section. A Merchant discount rate (MDR) is an fee charged to a company by the company that processes its debit and credit cards. Terminal will allow clinics to receive credit cards, debit cards and BACKGROUND (Brazilian real -time payments system).
Capital will also move on to the development of what the company describes as new tools associated with AI designed to make clinical functions more effective. The start also plans to accelerate its strategy to expand the network of clinics and patients.
The A Capim series round was brought up in two doses. Valor Capital and QED investors signed funding, which included the participation of existing Onevc, Canary and NXTP investors, as well as new investors Endeavor, Saison and Actyus, a fund led by CEO Creditas Sergio Furio. The start refused to reveal his appreciation. In total it has raised about $ 29 million, including a round of $ 2.5 million when it first started in July 2021.
Lutz and Biselli met while working at their MBAS on Insead, where they won the Insead Venture competition in December 2020.
Extension of access
To date, the start says it has helped more than 60,000 Brazilians gain access to dental processes.
While the company refused to disclose hard revenue data, Lutz said it tripled its revenue in 2024, adding more than 4,000 clinics to its customer base. Today it serves 6,000 dental clinics and expects to reach over 10,000 by the end of the year. Capim is not yet profitable, but “even broke” at the end of last year, the co -founders say.
Capim earns money in two ways: through SAAS subscriptions, which provide clinics with digital tools for managing their functions, as well as financial products, which says it helps clinics to increase patient accessibility and therefore lead to More revenue.
Currently, Capim has 130 employees, from 115 a year ago.
Valor Capital’s Carlos Costa said his business was designed to invest in Capim because starting “faces clear challenges facing professionals in managing their clinics and funding and payment for treatments”.
The QED investors Mike Packer said his company has been watching Capim from his early days.
“After watching how quickly the company escalated with a strong unit economy, we were quite convinced of the early purchase of products and saw this early attraction as just the beginning,” he told TechCrunch.
