Brazil-based banks Bradesco through its InovaBra Ventures corporate venturing unit and Itaú Unibanco have invested in Quanto, a local company developing technology to let retailers and other businesses access financial information and services in so-called open banking.
Venture capital firm Kaszek Ventures and hedge fund Coatue joined the round of undisclosed size for Quanto.
Quanto provides standardized bank data application programming interfaces that allow institutions to access bank account data.
