Existing investors such as Ribbit, Kaszek and Quartz also participated in this new round. In total, Warren has raised 445 million reais in three funding rounds.
The company said in a statement it will use the proceeds to invest in its technology area and it was also considering acquisitions.
Warren, founded by former XP Inc’s partners in 2017, is a brokerage and asset manager which charges clients a flat fee. It plans to double its assets under management to 10 billion reais this year. $1 = 5.4600 reais Reporting by Carolina Mandl Editing by Marguerita Choy