Magie Secures $4 Million in Seed Round
Magie, a São Paulo, Brazil-based fintech company, has secured $4 million in seed funding, bringing its total raised to $5.1 million.
Magie, a São Paulo, Brazil-based fintech company, has secured $4 million in seed funding, bringing its total raised to $5.1 million.
Investor
The round was led by Lux Capital, a venture firm backing contrarians and outsiders in emerging science and technology. With over $5 billion in assets under management, Lux invests in groundbreaking ideas at any stage, from $100,000 to $100 million, and has grown from its NYC roots to Silicon Valley over the past two decades.
Magie Use of Funds
The company will use the funding for its AI-powered financial assistant.
About Magie
Founded by Luiz Ramalho and João Camargo, Magie offers an AI-powered financial assistant that allows users to send money and pay bills via WhatsApp. Its AI-powered solution enables users to make Pix payments, pay bills, and perform other banking operations. Magie has acquired over 12,000 users since its launch in April, although the company has yet to monetize them.
Funding Details
Company: Magie, Ltda
Raised: $4.0M
Round: Seed Round
Funding Date: August 2024
Lead Investor: Lux Capital
Additional Investors:
Company Website: https://magie.com.br/
Software Category: Financial Assistant
