IORQ Secures Series A to Expand Credit Infrastructure Platform in Latin America

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Patrick Sigrist’s New Startup backed by Upload Ventures, Monashees, and major key investors brings institutional credit experience to embedded finance infrastructure

IORQ Series A funding marks the official launch of a fintech platform designed to transform how companies embed and manage credit operations. With more than R$2.5 billion already under management and a mature operational backbone from Quatá Capital, IORQ enters the market with scale-ready infrastructure and institutional depth — a rare position for a Series A company.

The round attracted top-tier investors, including Monashees, Upload Ventures, ONEVC, and Norte Ventures, not just for capital but for strategic partnership and long-term alignment.

“Our goal is to democratize and modernize the credit market by giving companies the tools to offer financial services through their own platforms“, said Patrick Sigrist, Co-founder of IORQ, iFood and Nomad.

While the round totaled BRL $35 million, the focus lies in IORQ‘s unique infrastructure model — not in the funding size. The round also served to strategically bring key investors onto the cap table, each with deep fintech experience and a track record of scaling transformative platforms in Latin America.

In addition to Patrick Sigrist the new company will also be led by CEO Beatriz Degani and Bernardo Mergár, two of the most experienced executives in the field.

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A Modular, Intelligent Credit Infrastructure is the Strategy of IORQ Series A Round

IORQ delivers a full-stack infrastructure platform, allowing companies to integrate credit offerings through APIs and white-label modules. Its system digitizes every step in the credit lifecycle — from origination to risk analysis and recovery — with embedded automation and governance.

“We’re building a full-stack solution for credit orchestration, connecting originators and investors with transparency and automation.”— IORQ press announcement

IORQ was born from the acquisition of Quatá Investimentos, the asset manager that was, in fact, the birthplace of QI Tech — Brazil’s most recent unicorn and now one of the leading credit infrastructure companies in the country.

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IORQ’s Institutional Foundation: Quatá Capital and Credit Expertise

As part of the IORQ Series A strategy, Quatá Capital is an independent credit asset manager with over R$1.8 billion under management, primarily in FIDCs (structured debt funds), and holds a brAA rating. It has over 16 years of market experience and operates through international partnerships like Pandion Partners for cross-border financial advisory and M&A.

By integrating Quatá, IORQ brings:

• Proven expertise in credit origination
• Governance discipline from structured funds
• Longstanding market credibility and investor trust
• Direct lineage to the success of QI Tech

“IORQ combines real-world risk management from Quatá with cutting-edge technology — that’s what makes this platform uniquely scalable.”— Investor at Monashees

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Built for Scale with Startup Agility

Founded by Patrick Sigrist (iFood, Nomad), IORQ blends fintech speed with institutional credibility. The company enters the market with operational maturity that few early-stage startups can match with around BRL $2.5 Billion under management.

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Why the IORQ Series A Matters

In a credit market often criticized for opacity and inefficiency, IORQ offers a transparent, tech-enabled alternative. The Series A is not about size — it’s about structure. The investment enables IORQ to scale a modular platform that reduces spreads, increases automation, and improves risk control for both originators and investors.

“The inefficiencies of credit in Latin America are staggering. We’re betting on infrastructure plays like IORQ to change that.”— Partner at Upload Ventures

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The Firms Behind The Deal

Demarest Advogados (BR) represented IORQ as Brazilian legal counsel to the transaction. São Paulo partners Juliana Maluf and Beatriz Seixas led the firm’s deal team.

Machado Meyer Advogados (BR) acted as Brazilian legal counsel to Quata Capital with partner Diana Henne leading the firm’s deal team with associate Amanda Colloca.

Demarest Advogados and Machado Meyer are two of the most traditional full-service law firms of Brazil and are based in São Paulo.

Foley & Lardner LLP (U.S.): Advised Upload Ventures  in IORQ Series A round. Foley’s transactional team was led by partner André Thiollier (Palo Alto/San Francisco) with associates Trevor Mullin and Mackenzie Barret.

Nelson Mullins (U.S.) acted as U.S. legal counsel to Quata Capital with partner Leandro Molina and associate Rebecca Lester.

Foley & Lardner, LLP is a full-service global U.S. law firm with a strong Latin America practice, advising on cross-border venture capital, technology, and growth equity transactions involving Brazil, Mexico, broader Latin America, and the U.S.

Nelson Mullins is a U.S. based law firm with offices in Miami.

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IORQ Series A and the Future of Embedded Finance

The IORQ Series A round is more than a capital injection — it’s a strategic alignment of infrastructure, institutional experience, and investor confidence. By combining Quatá’s legacy in structured credit with a tech-native platform and seasoned backers, IORQ positions itself not just as a fintech, but as a long-term enabler of financial innovation in Brazil.

As embedded finance continues to grow and regulatory demands increase, infrastructure players like IORQ are likely to play a central role in shaping how credit is offered, priced, and recovered across Latin America.

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Resumo em português:
A startup IORQ levantou sua Série A liderada pela Monashees e Upload Ventures. O investimento reforça a infraestrutura fintech no Brasil e destaca a confiança de investidores globais no mercado local.