Jackson News Reporter

Starting July 10th, QI Tech, a technology company focused on financial services that already operates as a Financial Institution (Direct Credit Company or SCD), has been authorized to operate as a securities distributor (Distribuidora de Titulos e Valores Mobiliarios or DTVM).

Approved by the Central Bank and now with accreditation granted by the Securities Commission (Comissao de Valores Mobiliarios or CVM), the company becomes the first SCD with a DTVM license, enabling it to manage and safeguard Investment Funds in Receivables (FIDCs) and other investment funds. The proprietary technology will automate and facilitate the back office and processes of a fund manager, from centralized registration to automatic reconciliation of payments.

At present, QI Tech employs approximately 100 people and serves around 300 clients – including fintechs, traditional companies, and investment managers. Each month, the company issues about $ 120 million in credit to various sectors of the economy.

Born to serve the credit market and also operating with credit as a service and banking as a service models, QI Tech had already experienced the growth pains of this sector, where the end of the operation linked to the FIDCs did not keep up with the digitization and efficiency improvement of the other stages of a credit transaction. This caused issues on special dates like Carnival when the company transacted approximately $ 14 million in credit over 77,000 transactions.

The approval of the distributor license answers this demand, according to Pedro Mac Dowell, founder, and CEO of QI Tech. “Today we can go from onboarding, credit scoring and anti-fraud to selling the credit security to the FIDC, through the issuance of the CCB or commercial note. With this new step, the entire operation can be automated and efficiency can be generated for the chain”.

The unit begins with the digitization of the administration, custody, and controllership of the FIDCs, which gain agility and flexibility in the offer of private credit. “The goal is for a fund to operate 24 hours a day, 7 days a week with instantaneous operations, with all processes and back-office integrated and automated”, Mac Dowell asserts.

The next steps involve disruption in two other verticals. “We want to offer ‘as a Service’ investment infrastructure and a foreign exchange broker following the same principles of cutting-edge technology to democratize these financial products,” says Marcelo Bentivoglio, CFO, and cofounder.

The “brokerage-as-a-service” structure will allow any investment advisory office or fintech to use the infrastructure as a white-label, gain flexibility, and serve their clients with a wider range of financial products. The entry into the foreign exchange market will also allow for an unprecedented offer in the country. “With QI DTVM’s high-frequency foreign exchange desk, we will be the first fintech to offer cross-border Buy-now Pay-later (BNPL), that is: a Brazilian client will be able to travel to the United States and be able to buy in installments in stores that currently only accept upfront payments,” Bentivoglio explains.

Finally, Pedro highlights the fact that distributors must have a high level of security, as they are regulated by the CVM (the SEC equivalent) and the Central Bank, as well as self-regulated by Anbima. “The DTVM ‘as a service’ model is disruptive in its three fronts, administration, brokerage, and foreign exchange, and we are firmly committed to following all the guidelines of the regulatory bodies,” Mac Dowell concludes.

With the official opening of the DTVM, QI Tech consolidates itself as a one-stop-shop player of complete infrastructure for financial services. The high growth scale-up, which already received a $ 50 million investment from GIC in 2021, also offers banking as a service, credit as a service, digital onboarding, and anti-fraud.

The list of clients who already benefit from these facilities is diverse and already includes ten banks, three of the largest marketplaces in Brazil, and one of the largest fuel supply apps in the country, not to mention the list of famous and recognized customers, such as: Quinto Andar, VIVO, and Enjoei.

About QI Tech:

QI Tech is a one-stop-shop platform for financial, credit, and anti-fraud services. With the first SCD license granted by the Central Bank, it provides all the technological infrastructure for its clients and partners to be able to monetize and build loyalty with their stakeholder ecosystem. They combine an intelligent platform and all regulatory compliances so that their clients can offer payment and credit services securely and in the way that best fits their business model.

Media Contact
Company Name: QI Tech
Contact Person: Marcelo Bentivoglio
Email: Send Email
Country: Brazil
Website: https://qitech.com.br/