Capim Secures $26.7M in Series A Funding to Expand BNPL Dental Services
A New Era for Dental Financing in Brazil
Capim, a Brazilian startup revolutionizing dental care financing through its buy now, pay later (BNPL) model, has successfully secured $26.7 million in Series A funding. The company shared this exclusive update with TechCrunch.
Founded in July 2021 by co-CEOs Marcelo Lutz and Roberto Biselli, Capim operates as a specialized vertical SaaS platform for the dental industry. Based in São Paulo, the startup offers dentists an integrated solution to digitize clinic management, streamline operations, and enhance revenue generation.
Innovative Payment Solutions
Capim’s platform facilitates digital appointment bookings for patients at participating clinics. A core feature of its BNPL model is the extended payment flexibility, which sets it apart from traditional credit card installment plans.
“Unlike the common practice in Brazil of paying in installments with credit cards — which requires both a credit card limit and the ability to pay within a limited number of installments — typically up to six or 12 — our solution offers greater flexibility, allowing payments of up to 36 installments,” Biselli explained to TechCrunch. He also highlighted that Capim’s interest rates are approximately 50% lower than those charged by traditional banks.
Expansion Plans and AI Integration
With this latest round of funding, Capim aims to introduce a new POS (point-of-sale) terminal, offering clinics lower merchant discount rates (MDR) while integrating seamlessly with its existing SaaS financial management module. This terminal will enable clinics to process transactions via credit cards, debit cards, and Brazil’s real-time payment system, PIX.
Additionally, the company is developing AI-driven tools to enhance clinical operations, boosting efficiency and service delivery. The fresh capital will also be used to accelerate its market expansion, broadening its network of dental clinics and patient reach.
Backing from Leading Investors
The Series A round was raised in two stages and co-led by Valor Capital and QED Investors. Other participants included existing investors ONEVC, Canary, and NXTP, alongside new investors Endeavor, Saison, and Actyus—a fund spearheaded by Creditas CEO Sergio Furio. Though Capim has not disclosed its valuation, it has now raised approximately $29 million in total, including a $2.5 million seed round at its launch.
Lutz and Biselli’s entrepreneurial journey began at INSEAD, where they won the INSEAD Venture Competition in December 2020. After a successful pilot phase in early 2021, they officially launched Capim following the completion of their MBAs.
Growing Impact on Dental Accessibility
Since its inception, Capim has facilitated dental care access for over 60,000 Brazilians. While specific revenue figures remain undisclosed, Lutz noted that the company tripled its revenue in 2024 and added more than 4,000 clinics to its clientele. Currently serving 6,000 dental clinics, Capim projects expanding to over 10,000 by year’s end.
Although not yet profitable, Capim reached break-even status at the end of the previous year. Its business model generates revenue through SaaS subscriptions, equipping clinics with digital management tools, and financial products that enhance patient accessibility and drive increased revenue.
Investor Confidence in Capim’s Future
Capim’s workforce has grown to 130 employees, up from 115 a year ago. Valor Capital’s Carlos Costa expressed confidence in the startup’s potential, stating, “Capim addresses clear challenges faced by professionals in managing their clinics and in financing and paying for treatments.”
Similarly, QED Investors’ Mike Packer noted his firm’s long-term interest in Capim. “After watching how quickly the company scaled up with strong unit economics, we were quite convinced of early product-market fit and saw that early traction as only the beginning,” he told TechCrunch.
The Road Ahead
With strong financial backing and a clear vision, Capim is well-positioned to transform the landscape of dental care financing in Brazil. By integrating innovative financial solutions and AI-driven tools, the startup aims to empower dental professionals and improve patient access to essential treatments.
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