Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution

July 18, 2025

Kara Unveils AI Lending Assistant at Simply Asset Finance

July 18, 2025

Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis

July 18, 2025

Fintech investors prefer Delaware over Texas for bankruptcy proceedings.

July 18, 2025
Facebook X (Twitter) Instagram
Trending
  • Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution
  • Kara Unveils AI Lending Assistant at Simply Asset Finance
  • Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis
  • Fintech investors prefer Delaware over Texas for bankruptcy proceedings.
  • Improving Accuracy and Efficiency with Claude Financial Services AI
  • AI-Powered Financial Services That Integrate Your Complete Financial Landscape for Enhanced Diligence, Modeling, and Analysis
  • A clear strategy is essential for ongoing accountability in financial services driven by AI.
  • The Upcoming Zerodha? Fintech Startups Riding the Brokerage Surge
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025

    Alona Shevtsova emphasizes the importance of connection at the recent London Fintech Club event – London Business News

    July 15, 2025

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025

    Fintech Company Pine Labs Submits Documents to SEBI for IPO Fundraising

    July 4, 2025

    British Fintech Zilch Seeking International Tender Opportunities

    July 4, 2025
  • AI

    Kara Unveils AI Lending Assistant at Simply Asset Finance

    July 18, 2025

    Improving Accuracy and Efficiency with Claude Financial Services AI

    July 18, 2025

    AI-Powered Financial Services That Integrate Your Complete Financial Landscape for Enhanced Diligence, Modeling, and Analysis

    July 18, 2025

    A clear strategy is essential for ongoing accountability in financial services driven by AI.

    July 18, 2025

    Guidance for Exploring Continental Perspectives

    July 18, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Market size, share, trends, and business profiles in the Fintech industry

    July 10, 2025

    Overview of the FINCH 2025 Market and Participant Profiles

    July 5, 2025

    Key Trends and Focus Areas in Fintech Payments for 2025

    June 22, 2025

    Overview of the Singapore Fintech Market: Market Size, Trends, and Growth Potential

    June 18, 2025

    Southeast Asia’s Fintech Market: Size, Trends, and Growth Potential

    June 13, 2025
  • Insights

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025

    Finance Magnates Reports: XBO Designated as Top Cryptocurrency Payment Gateway. XBO’s core principles of trust and simplicity align with cutting-edge solutions, providing customers access to an award-winning crypto payment option. 16 hours ago

    June 26, 2025
  • Rumors

    Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis

    July 18, 2025

    The dollar is affected by speculation about Powell in the markets.

    July 17, 2025

    Tesla has announced that the new six-seat YL model will launch in China later this year.

    July 17, 2025

    Markets experienced a chaotic day amid speculation that Trump might fire Jerome Powell.

    July 17, 2025

    Rumors suggest that Stripe is entering the L1 blockchain sector amid advancements in AI and stablecoin development.

    July 16, 2025
  • Startups

    Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution

    July 18, 2025

    Fintech investors prefer Delaware over Texas for bankruptcy proceedings.

    July 18, 2025

    The Upcoming Zerodha? Fintech Startups Riding the Brokerage Surge

    July 18, 2025

    Paris-based fintech platform Spiko secures 18.9 million euros to make treasury yields more accessible to everyone.

    July 17, 2025

    Updates on News, Economics, and Finance: Sensex, Nifty, Global Markets, NSE, BSE, and Live IPO Information

    July 17, 2025
  • finjobsly
fintechbits
Home » Brazilian fintech Tako emerges from stealth with a major funding round led by a16z and Ribbit Capital
Startup News

Brazilian fintech Tako emerges from stealth with a major funding round led by a16z and Ribbit Capital

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Fernando Gadotti Tako 3.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Managing payroll is difficult in any country, but perhaps especially in Brazil, due to constantly changing laws and extremely influential unions that make managing salaries much more difficult. Fernando Gadotti struggled with this as co-founder of DogHero, the LatAm version of Rover. When Gadotti left the company in 2022, after selling it in 2020, he decided that was where he wanted to focus next.

“Every time payroll comes in, there’s just a struggle, like it’s dreadful, many hours, just like double-checking the data, and we couldn’t really get the information that we needed,” a Gadotti told TechCrunch. “(We were) pretty much working in the dark, and as we grew, I realized that these issues weren’t just annoying; they actually slow down the business. We waste a lot of time in busy work.

Just months after leaving DogHero, Gadotti began working on São Paulo-based Tako, an employee lifecycle platform that automates tasks like onboarding and payroll to save businesses time and consolidate all the information about their employees in one place. Tako also provides employees with a dashboard to view information and access an interactive pay slip intended to increase transparency.

Gadotti said that while there are legacy U.S. payroll companies operating in Brazil, such as ADP, it makes sense to have a local solution because Brazil’s payment system is quite unique. He said laws regarding payroll change frequently. There are also 10,000 unions — companies often have employees in several, he said — that also update their rules several times a year and sometimes have more power than the laws themselves.

Tako uses an LLM (large language model) to track these constant changes. The LLM ingests labor law and union law data and digests it so that Tako developers can keep the codebase up to date. He said they want to keep humans informed to ensure accuracy, but having the LLM get a head start saves a lot of time.

Tako launched its product in 2023. Gadotti said the company has processed tens of millions of dollars in payroll while operating in stealth, but declined to share more details about its customers. Gadotti said the company is currently targeting mid-sized businesses with between 100 and 500 employees in the professional and financial services categories.

“The strategy we have adopted is not to try to boil the ocean,” Gadotti said. “We want to start in a segment that we know before venturing into industrial or more complex areas. We start with simpler segments; As the business evolves, we are looking to more complex segments in the future.

Tako comes out of stealth with a major $13.2 million funding round co-led by Ribbit Capital and Andreessen Horowitz. The round also included ONEVC and the founders of Ramp. Gadotti said the company plans to devote the majority of its capital to research and development, in addition to doubling or tripling the headcount of its R&D team.

There are many potential areas that Tako could expand into in the future, such as the wide world of employee benefits. Gadotti said the company plans to expand as it grows by creating more features such as instant payments.

Besides competing with traditional companies like ADP, there are several other HR tech startups in the country, like Gupy And Cajuboth of which are more focused on other areas of human resources and employee management. But if Tako expands in these areas, which is likely, these companies could also become strong competitors.

The name Tako means “octopus” in Japanese, which Gadotti said fits his vision for the company. Tako’s platform is meant to be the brains of employee data, with its tentacles extending into different areas of employee management.

“We want to focus on the entire employee lifecycle,” Gadotti said. “We are constantly listening to our customers’ problems and areas they want us to help with.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution

July 18, 2025

Fintech investors prefer Delaware over Texas for bankruptcy proceedings.

July 18, 2025

The Upcoming Zerodha? Fintech Startups Riding the Brokerage Surge

July 18, 2025
Leave A Reply Cancel Reply

Latest news

Over 5,600 Startups and Growing: Water Drives the GCC Startup Revolution

July 18, 2025

Kara Unveils AI Lending Assistant at Simply Asset Finance

July 18, 2025

Exploring the Enigmatic Surge of 7.5% in Semiconductors: An In-Depth Technical Analysis

July 18, 2025
News
  • AI in Finance (1,380)
  • Breaking News (157)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (292)
  • Market Insights (191)
  • Market Rumors (251)
  • Regulatory Updates (151)
  • Startup News (924)
  • Technology Innovations (155)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,380)
  • Breaking News (157)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (292)
  • Market Insights (191)
  • Market Rumors (251)
  • Regulatory Updates (151)
  • Startup News (924)
  • Technology Innovations (155)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.