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Doubling down on its asset sales amid a second bankruptcy protection process, Brazilian telco Oi hired Citigroup and BTG Pactual to advise on the potential offloading of its fiber broadband client base.
Since first entering bankruptcy protection proceedings in 2016, Oi has sold its mobile operation, towers, datacenters, fiber network infrastructure and real estate assets, among others.
Citigroup was selected as lead financial advisor and BTG Pactual as co-advisor “to evaluate strategic alternatives involving the monetization of UPI ClientCo, comprising the operation of providing broadband via fiber optics for the retail and business segments,” Oi said in a notice to the market.
The company ended August with 4.9mn fixed broadband accesses, for a 10.4% market share. Its fiber broadband base was 4.3mn of that figure, trailing only Telefônica (5.9mn).
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Brazilian fintech Adiante Recebíveis, which helps companies optimize their receivables, selected Provenir to enhance the efficiency of its risk analysis processes, BNamericas was told.
Created in 2018 by the GCB Group, Adiante serves companies that accept payments in installments but require immediate funding without resorting to loans.
Adiante has more than 110,000 registered users, for whom it has advanced more than 390mn reais (US$78mn) to date, according to Provenir. Adiante will use the AI-powered Provenir Decisioning platform to analyze all new requests.
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Brazilian IT infrastructure outsourcing company Arklok secured an investment led by IFC, alongside local private equity firm and existing investor Vinci Partners.
“IFC’s investment was made alongside Vinci’s private equity strategy, which aims to promote the growth of medium-sized enterprises, a key sector to boost job creation, increased productivity and sustainable development in Brazil,” IFC said in a release, without specifying the amount involved.
In November 2022, Vinci made an investment and acquired part of Arklok, which leases computer equipment to companies in addition to providing IT services.
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Colombian fintech Sempli, which is focused on credit to micro and small firms, secured US$6mn in financing from Citibank Colombia. Around 40% of that will be aimed at supporting women-led businesses.
Law firm Gómez-Pinzón represented Citibank Colombia in the financing deal, The Latin American Lawyer reported.
The transaction fell under the Scaling Enterprise program, supported by the US International Development Finance Corporation (DFC) and the Ford Foundation, according to the report.
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Chile’s Zapping, a provider of subscription-based live TV services via internet, raised US$5mn from Medios de Comunicación and Chilean VC firm Amarena to support its operations and regional expansion.
In October 2022, Zapping bought Brazil’s GuigoTV amid an internationalization push.
Since then, the company has reportedly tested its service for customers of some broadband providers, such as Vero Internet, Allrede, MS Fibra and Barinet.
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Brazil’s BRLA Digital, which provides cross-border payments and crypto infrastructure services, raised 3mn reais in a pre-seed round to invest in technology and leverage its local operation.
The round saw the participation of Coins.ph and Rodrigo Benez, a digital asset investor, among others.
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After launching in Mexico, Colombia, Ecuador and Chile, US payment solutions provider DEUNA announced its arrival in Brazil.
In 2021 and 2022, DEUNA raised US$38mn, which enabled its regional expansion and now its entry into Brazil.
The company hired Fabio Di Santoro to lead the local operations.
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