About SalaryFits
SalaryFits is a company based in Nova Lima (Brazil) founded in 2015 by Renato Araujo was acquired by Serasa in September 2024.. SalaryFits has raised $6.4 million across 2 funding rounds from investors including Confrapar Investimentos, Portugal 2020 and Serasa. SalaryFits offers products and services including Salary Advance Card, Discount Club, and Benefits Portal. SalaryFits operates in a competitive market with competitors including Clair, Creditoo, Piwi, Aman and SBSCOM, among others.
- Headquarter Nova Lima, Brazil
- Founders Renato Araujo
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Sectors
Financial ServicesTechnology Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Jonicsun Uk Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.4 M (USD)
in 2 rounds
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Latest Funding Round
$5 M (USD), Series A
Dec 12, 2019
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Investors
Confrapar Investimentos
& 2 more
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Employee Count
Employee Count
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Acquired by
Serasa
(Sep 17, 2024)
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Products & Services of SalaryFits
SalaryFits offers a comprehensive portfolio of products and services, including Salary Advance Card, Discount Club, and Benefits Portal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables employees to advance salary for unexpected expenses without fees.
Offers discounts at over 25,000 establishments across Brazil.
Provides access to therapy, education, and health services for employees.
Funding Insights of SalaryFits
SalaryFits has successfully raised a total of $6.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in December 2019. 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 2
- Last Round Series A — $5.0M
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First Round
First Round
(11 Oct 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series A - SalaryFits | Valuation | Confrapar |
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| Oct, 2016 | Amount | Seed - SalaryFits | Valuation | Portugal 2020 |
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| 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 SalaryFits
SalaryFits has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Confrapar Investimentos, Portugal 2020 and Serasa. 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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Confrapar Investimentos is focused on technology-driven companies in Latin America.
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Founded Year | Domain | Location | |
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Funds are managed by Portugal 2020 for national development.
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Founded Year | Domain | Location | |
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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 SalaryFits
| 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 - SalaryFits
| 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 |
Salaryfits Comparisons
Competitors of SalaryFits
SalaryFits 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 Clair, Creditoo, Piwi, Aman and SBSCOM, 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 |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Payroll loans are provided via an online marketplace for employees.
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| domain | founded_year | HQ Location |
Health benefits marketplace platform is provided for small businesses.
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| domain | founded_year | HQ Location |
Employee benefits are revolutionized through tailored health solutions in Indonesia.
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| domain | founded_year | HQ Location |
Online platform for employee benefits
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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 Salaryfits
Frequently Asked Questions about SalaryFits
When was SalaryFits founded?
SalaryFits was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is SalaryFits located?
SalaryFits is headquartered in Nova Lima, Brazil. It is registered at Nova Lima, Minas Gerais, Brazil.
Who is the current CEO of SalaryFits?
Delber Lage is the current CEO of SalaryFits.
Is SalaryFits a funded company?
SalaryFits is a funded company, having raised a total of $6.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.4M, raised on Oct 11, 2016.
What does SalaryFits do?
Founded in 2015 and based in Nova Lima, Brazil, SalaryFits operates in the fintech sector. A platform is provided that enables financial institutions to integrate with clients payroll systems, allowing loan installments to be deducted directly from salaries. Access to financial products is thereby granted to users, while institutions gain improved assessments for customized offerings. Operations focus on streamlining loan processes through employer partnerships.
Who are the top competitors of SalaryFits?
What products or services does SalaryFits offer?
SalaryFits offers Salary Advance Card, Discount Club, and Benefits Portal.
Who are SalaryFits's investors?
SalaryFits has 3 investors. Key investors include Confrapar Investimentos, Portugal 2020, and Serasa.
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