Bancar Tecnología S.A. announced that it has raised $350,000,000 in a round of funding led by returning investors SoftBank Innovation Fund, a fund managed by SoftBank Investment Advisers (UK) Limited and affiliates of Tencent Holdings Limited on August 13, 2021. The transaction included participation from D1 Capital Partners L.P., 166 2ND LLC, returning investors Ribbit Management Company, LLC, Greyhound Capital Europe LLP, Monashees Gestão de Investimentos Ltda., Endeavor Catalyst GP LLC, funds managed by Soros Fund Management LLC, funds managed by affiliates of Goldman Sachs Asset Management, L.P, angel investors Jacqueline Reses and Isaac Lee. The funding is being raised at a post-money valuation of $2,450,000,000.

The company has raised $544,000,000 funding till date.