# FJ Labs' Investments in Brazil: 26 Startups by Sector (2026) > The 26 startups in Brazil that FJ Labs has backed, by sector: Fintech, AI and E-commerce and more. $1.1B raised. Updated nightly. Source: https://millionrounds.com/portfolio-maps/fj-labs-investments-brazil (Millionrounds; every figure on the page links to its filing or article) ## Fintech 13 - [SWAP](https://millionrounds.com/company/swap) - [Open Co (Brazil)](https://millionrounds.com/company/open-co-brazil) - [QI Tech](https://millionrounds.com/company/qi-tech) - [Trace Finance](https://millionrounds.com/company/trace-finance) - [Rhino](https://millionrounds.com/company/rhino) - [RecargaPay](https://millionrounds.com/company/recargapay) - [Franq](https://millionrounds.com/company/franq) - [UME Financial Services](https://millionrounds.com/company/ume-financial-services) - [CredAluga](https://millionrounds.com/company/credaluga) - [180 Seguros](https://millionrounds.com/company/180-seguros) - [Revena](https://millionrounds.com/company/revena) - [bxblue](https://millionrounds.com/company/bxblue) - [SAKS](https://millionrounds.com/company/saks) ## AI 5 - [*E* Enter](https://millionrounds.com/company/enter) - [*A* Applause](https://millionrounds.com/company/applause) - [Jusfy](https://millionrounds.com/company/jusfy) - [Assis](https://millionrounds.com/company/assis) - [Fly Media](https://millionrounds.com/company/flymedia) ## E-commerce 3 - [Olist](https://millionrounds.com/company/olist) - [Favo](https://millionrounds.com/company/favo) - [TROCAFONE](https://millionrounds.com/company/trocafone) ## Developer Tools 3 - [Osana](https://millionrounds.com/company/osana) - [*R* Revelo](https://millionrounds.com/company/revelo) - [deco.cx](https://millionrounds.com/company/deco-cx) ## Automotive & EVs 2 - [InstaCarro](https://millionrounds.com/company/instacarro) - [Mecanizou](https://millionrounds.com/company/mecanizou) ## Segment by segment ### Fintech 13 startups · $543M raised - [**SWAP**](https://millionrounds.com/company/swap) Buy swap.ventures: Moz DA 1 and 2 years of history. Brazil $165M - [**Open Co (Brazil)**](https://millionrounds.com/company/open-co-brazil) Alternative Online Lending, FinTech, online credit, Personal financial management Brazil $115M - [**QI Tech**](https://millionrounds.com/company/qi-tech) QI Tech is a prominent Brazilian fintech company founded in 2018, headquartered in São Paulo. Brazil $63M - [**Trace Finance**](https://millionrounds.com/company/trace-finance) Payments and stablecoin infrastructure for Brazil and Latin America. Brazil $36M - [**Rhino**](https://millionrounds.com/company/rhino) Aplicativo de transporte em carros blindados com motoristas treinados em São Paulo. Brazil $35M - [**RecargaPay**](https://millionrounds.com/company/recargapay) RecargaPay is a payments super app that offers a complete ecosystem of financial services and mobile payments to millions of Brazi Brazil $32M - [**Franq**](https://millionrounds.com/company/franq) Franq is a Brazilian fintech startup founded in 2019 and based in Florianópolis, Santa Catarina. Brazil $25M - [**UME Financial Services**](https://millionrounds.com/company/ume-financial-services) Ume is a credit platform capable of reaching competitive prices and creating an economic environment to make credit simple and democratic. Brazil $21M ### AI 5 startups · $218M raised - [*E* **Enter**](https://millionrounds.com/company/enter) Brazil $166M - [*A* **Applause**](https://millionrounds.com/company/applause) Brazil $23M - [**Jusfy**](https://millionrounds.com/company/jusfy) Jusfy is a Brazilian LawTech startup founded in 2021, based in São Paulo. Brazil $20M - [**Assis**](https://millionrounds.com/company/assis) Assis is an AI-powered virtual assistant platform that automates customer management and lead qualification for solo entrepreneurs Brazil $5.0M - [**Fly Media**](https://millionrounds.com/company/flymedia) Fly Media is an AI-native media and entertainment company dedicated to creating the next generation of global intellectual propert Brazil $3.7M ### E-commerce 3 startups · $275M raised - [**Olist**](https://millionrounds.com/company/olist) Olist is a Brazilian e-commerce enabler platform that helps businesses of all sizes sell online through various marketplaces and d Brazil $233M - [**Favo**](https://millionrounds.com/company/favo) FAVO is a Swedish street food and delivery restaurant brand known for its innovative approach to dining. Brazil $25M - [**TROCAFONE**](https://millionrounds.com/company/trocafone) Trocafone is an online marketplace to buy and sell used electronics, particularly smartphones. Brazil $16M ### Developer Tools 3 startups · $37M raised - [**Osana**](https://millionrounds.com/company/osana) Osana provides proactive and preventative care services. Brazil $20M - [*R* **Revelo**](https://millionrounds.com/company/revelo) Brazil $15M - [**deco.cx**](https://millionrounds.com/company/deco-cx) deco.cx is a digital experience platform that makes it easy to build high-performance ecommerce storefronts. Brazil $2.2M ### Automotive & EVs 2 startups · $37M raised - [**InstaCarro**](https://millionrounds.com/company/instacarro) InstaCarro is a car buying and selling service in Brazil that offers a possibility of selling cars in up to one hour. Brazil $22M - [**Mecanizou**](https://millionrounds.com/company/mecanizou) Mecanizou is a technology platform and marketplace based in São Paulo, Brazil, focused on the automotive aftermarket. Brazil $15M **How this map is made.** Every startup here has raised money in a round we track that names FJ Labs as an investor and is based in Brazil. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Investments abroad **FJ Labs' investments in the United Kingdom** 21 startups · $647M](https://millionrounds.com/portfolio-maps/fj-labs-investments-united-kingdom)[Investments abroad **FJ Labs' investments in France** 19 startups · $523M](https://millionrounds.com/portfolio-maps/fj-labs-investments-france)[Investments abroad **FJ Labs' investments in Canada** 16 startups · $785M](https://millionrounds.com/portfolio-maps/fj-labs-investments-canada)[Co-investors **Who invests with FJ Labs** 486 co-investors](https://millionrounds.com/portfolio-maps/fj-labs-co-investors)[Portfolio map **FJ Labs portfolio map** 363 startups · $21B](https://millionrounds.com/portfolio-maps/fj-labs-portfolio-map)[Sector portfolio **FJ Labs' Fintech portfolio** 88 startups · $7.1B](https://millionrounds.com/portfolio-maps/fj-labs-fintech-portfolio) ## Raising from investors like FJ Labs? 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