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Velotax provides a digital service that lets Brazilian workers receive advances against personal income tax refunds.
Founded in 2020 and based in Sao Paulo, Velotax offers salaried workers advances against personal income tax refunds, typically within 48 hours. Its app has over 3 million downloads and operates in Brazilian metropolitan areas. In October 2025, it raised USD 120.00 mn in Series A funding co-led by QED Investors, Valor Capital Group, and Picus Capital.
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