Stay raises R$30M (about $5.8M) Series A led by Citrino to expand corporate pensions in Brazil

Stay has raised R$30 million, about $5.8 million, in a round led by Citrino, the asset manager and multi-family office tied to some of Brazil's largest business families. Existing investors Norte, 17Sigma and BTV also took part. The company raised a R$15 million seed led by MAYA Capital and Better Tomorrow Ventures in 2024.

Founded in 2022 by CEO Tsai Chi-yu with co-founder Pedro Iglesias and CTO Caio Elias, Stay connects companies of any size to Brazil's main insurers to offer private pension plans as an employee benefit, and has added financial health programmes on top.

It expects to end the year with more than 100 corporate clients, including iFood, Claro and Milky Moo, and says assets under management have grown 31 times since launch. Tsai puts corporate pension coverage in Brazil below 3% of workers.