Pluggy, a Brazilian agnostic Open Finance B2B infrastructure platform, connecting more than 600 ERPs, accounting systems and financial management platforms to the banks and institutions its clients already rely on, has closed a fresh $3.5m funding round.
The raise was led by DGF and saw participation from Y Combinator and B Venture Capital (BVC).
Through its network, Pluggy gives access to a potential market of more than 10 million small and medium-sized enterprises (SMEs) in Brazil.
Pluggy provides a single connection point between applications and the financial data of their users, letting businesses of all sizes and across all segments build products based on Open Finance, while maintaining strong security standards and respecting the privacy of the underlying customers.
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