Kanastra – AI-ready lending infrastructure for India
Back‑office rails for Brazil's private credit boom.
Kanastra is building the operating system for private credit funds and securitisations, automating fund administration, custody, and debt issuance so asset managers can ditch spreadsheets.
The fintech charges fees for its software and back‑office services, acting as a technology provider to banks and alternative investment funds.
In the past year, its platform has grown 150% and now manages over R$35 billion (about $7 billion) in assets across more than 250 facilities.
Major clients include Banco Itaú, XP Investments, and Patria, and the company counts KASZEK, Valor, Quona Capital, and Banco Itaú as investors.
On 2 October 2025, it closed a $30 million Series B led by F-Prime and the IFC - International Finance Corporation, signalling that international capital is betting on Brazil's private credit rails.
Co‑founder & CEO Gustavo Mapeli and co‑founder Manuel Netto say Brazil's private credit market has expanded 230% over five years and urgently needs modern infrastructure.
As alternative lending proliferates across Latin America, Kanastra aims to become the cloud for debt markets.
Could your private credit portfolio run without spreadsheets?
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Photo: Paulo Vitale. Source: Startups
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