About bxblue
bxblue is a company based in Brasilia (Brazil) founded in 2017 by Roberto Mascarenhas Braga, Gustavo Gorenstein, and Fabricio Nogueira Buzeto was acquired by PicPay in February 2023.. bxblue has raised $7.29 million across 3 funding rounds from investors including PicPay, Igah Ventures and FJ Labs. bxblue operates in a competitive market with competitors including Konsi, among others.
- Headquarter Brasilia, Brazil
- Founders Roberto Mascarenhas Braga, Gustavo Gorenstein, Fabricio Nogueira Buzeto
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of bxblue
bxblue has successfully raised a total of $7.29M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.17 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $7.2M
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First Round
First Round
(01 Jun 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series A - bxblue | Valuation | Igah Ventures | |
| Jun, 2017 | Amount | Seed - bxblue | Valuation |
investors |
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| Jun, 2017 | Amount | Seed - bxblue | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in bxblue
bxblue has secured backing from 8 investors, including angel and venture fund investors. Prominent investors backing the company include PicPay, Igah Ventures and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed and series investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by bxblue
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - bxblue
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bxblue Comparisons
Competitors of bxblue
bxblue operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Konsi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payroll loan options are compared via an app-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bxblue
Frequently Asked Questions about bxblue
When was bxblue founded?
bxblue was founded in 2017.
Where is bxblue located?
bxblue is headquartered in Brasilia, Brazil. It is registered at Brasilia, Distrito Federal, Brazil.
Who is the current CEO of bxblue?
Gustavo Gorenstein is the current CEO of bxblue. They have also founded this company.
Is bxblue a funded company?
bxblue is a funded company, having raised a total of $7.29M across 3 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jun 01, 2017.
What does bxblue do?
bxblue was founded in 2017 in Brasilia, Brazil, as an online marketplace for payroll deductible loans. The platform enables users with guaranteed income, including government employees and retirees, to compare loan options and secure funding digitally. Collateral is provided by the income source, which supports lower interest rates. Operations focus on the Brazilian financial sector, facilitating streamlined access to personal loans without traditional credit checks.
Who are the top competitors of bxblue?
bxblue's top competitors include Konsi.
Who are bxblue's investors?
bxblue has 8 investors. Key investors include PicPay, Igah Ventures, FJ Labs, Fabrice Grinda, and FCVC.