Revolution Fund makes investment in electric car fintech zMatch

O Fintech Revolution fund is doing his first investment of BRL 50 million na zMatch, fintech focused on eletric cars e solar energy. The fundraising was advised by Unio Partners, and accompanied the contribution Canary e IGF. After this round, the fintech reaches a valuation of R$166 million.

zMatch is a startup founded just over a year ago by Sylvio de Barros, an entrepreneur responsible for successful cases in the automobile sector such as webmotors and iCarros. In just a few months, zMatch created a large community of customers interested in the energy transition with a focus on the automotive segment.

zMatch encourages the consumption of clean mobility, contributing to the reduction of CO2, also providing forms of ownership that are more aligned with today's world, such as vehicle subscriptions and clean energy from solar sources. zMatch earned more than R$14 million in 2022.

In 2022, it launched the “Garagem” operation for its community, selling vehicles in partnership with independent dealers, experimenting with trams and soft launching the digital subscription platform.

For 2023, the focus is on the official launch of the platform and the car subscription operation, in addition to services, products and benefits for consumers, as well as the arrival of the mobility app on the market.

IGF Wealth Management is a wealth manager that has been operating since 2020 in global liquid assets and private transactions. Among the manager's recent transactions are Avenue Securities, C6 Bank and Ecom Energia.

Canary is a venture capital fund whose mission is to encourage the region's entrepreneurship and technology ecosystem, making the first institutional investment in relevant and impactful businesses. Some of the largest companies in Latin America are part of its portfolio: Loft, Clara, Alice, Gupy, Pier and Trybe.