Why We Invested · Flourish Ventures
Investment thesis
Flourish believes Kamino is building critical infrastructure that will drive the next decade of economic growth in Latin America.
We believe Kamino is building the missing layer of infrastructure that will power the next decade of growth in Latin America’s economy.
Product
Kamino builds a comprehensive financial operations platform for mid-sized companies in Brazil, combining embedded banking, software, and integrations with existing ERPs via open APIs.
Since its founding in late 2021, São Paolo-based Kamino has been building the full-fledged financial operations platform for mid-sized companies, a sector that has been particularly underserved in Brazil.
Traction
Kamino serves 2,400 companies and has achieved over 3x year-over-year ARR growth, with a path to $10 million ARR by the end of next year.
Kamino serves 2,400 companies, and has an over 3x annual recurring revenue (ARR) year-over-year growth rate, with a clear path to $10 million by the end of next year.
On average, clients save 72% of finance team hours and more than $40,000 annually by switching to Kamino's platform.
On average, clients save 72% of finance team hours and more than $40,000 annually by moving off spreadsheets and into Kamino’s platform.
87% of all client payment volume runs directly through Kamino's embedded bank account.
And the adoption is sticky: 87% of all client payment volume now runs directly through Kamino’s bank account.
Team
Kamino features an experienced founding team with deep expertise across consumer fintech, mid-market scaling, corporate finance, B2B payment infrastructure, and legal compliance.
Kamino has a large founding team with a remarkable level of experience suited to the problem they’re tackling.
Investment context
Flourish co-led a $10 million Series A round for Kamino alongside Quona Capital, with participation from Endeavor Capital and existing institutional investors.
We first backed the team in its launch year of 2021, and have joined Quona Capital in co-leading a $10 million Series A with the participation of Endeavor Capital and existing institutional investors.
What founders can learn
- The traction evidence that carried weight: Flourish Ventures wrote that Kamino serves 2,400 companies and has achieved over 3x year-over-year ARR growth, with a path to $10 million ARR by the end of next year.
- How the team was judged: Flourish Ventures wrote that Kamino features an experienced founding team with deep expertise across consumer fintech, mid-market scaling, corporate finance, B2B payment infrastructure, and legal compliance.
Source and provenance
Why We Invested published by Flourish Ventures on flourishventures.com (first-party source). Read the original
