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General Atlantic Leads Funding Round in QI Tech
- Client News
- October 31, 2023
Practices
Paul, Weiss advised General Atlantic in its investment in Sao Paolo-based QI Tech, the first direct credit company licensed by the Brazilian Central Bank. General Atlantic led the $200 million (R$1 billion) Series B funding round with participation from existing investor Across Capital, which has doubled its initial investment in the company. QI Tech simplifies the loan process by combining an intelligent platform with regulatory compliance, with a mission to decentralize credit away from major banks.
The Paul, Weiss team was led by corporate partners Matthew Abbott and Ellen Ching and included counsel Usman Arain; tax partner Lindsay Parks; and antitrust counsel Marta Kelly.