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

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

AES stock rises 20% amid speculation of a possible acquisition and a boost in renewable energy investments.

July 14, 2025

Anna Schneider’s financial advancements contributed to AI growth at Polen Capital.

July 14, 2025

Lessons for Fintech Startups from the Streamx Acquisition in Compliance Navigation

July 14, 2025

Polen Capital appoints Sophia Krüger to lead AI in Finance.

July 14, 2025
Facebook X (Twitter) Instagram
Trending
  • AES stock rises 20% amid speculation of a possible acquisition and a boost in renewable energy investments.
  • Anna Schneider’s financial advancements contributed to AI growth at Polen Capital.
  • Lessons for Fintech Startups from the Streamx Acquisition in Compliance Navigation
  • Polen Capital appoints Sophia Krüger to lead AI in Finance.
  • Guiding Financial Regulations for Upcoming Banks by Mick Fennell – FF News
  • Bank on AI: Updates in Technology News
  • The Bold, the Portly, and the Unusual in Fintech AI
  • Anna Schneider’s Financial Progresses in AI Benefit Polen Capital
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    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

    Fintech Company Pine Labs Submits IPO Documents to SEBI for Fundraising, According to Reports

    June 26, 2025

    Breaking News: Initial lineup of demonstrations revealed for FinovateFall 2025

    June 12, 2025
  • AI

    Anna Schneider’s financial advancements contributed to AI growth at Polen Capital.

    July 14, 2025

    Polen Capital appoints Sophia Krüger to lead AI in Finance.

    July 14, 2025

    Bank on AI: Updates in Technology News

    July 14, 2025

    The Bold, the Portly, and the Unusual in Fintech AI

    July 14, 2025

    Anna Schneider’s Financial Progresses in AI Benefit Polen Capital

    July 14, 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

    AES stock rises 20% amid speculation of a possible acquisition and a boost in renewable energy investments.

    July 14, 2025

    Ant International refutes partnership with Circle in the Stablecoin market competition.

    July 11, 2025

    Meta Eyes 14b AI Investment, Bulsh Seeks IPO and Additional Speculation

    July 10, 2025

    Blackrock XRP ETF Speculation Ignites Interest in the Crypto Market

    July 9, 2025

    PayTM’s Share Price Drops by 10%: Understanding MDR and the Call from FinTech Companies for Government Action.

    July 5, 2025
  • Startups

    Lessons for Fintech Startups from the Streamx Acquisition in Compliance Navigation

    July 14, 2025

    Wells Fargo introduces a specialized tech banking team in Utah focused on SaaS, fintech, and clean technology.

    July 13, 2025

    NRI-focused Fintech startup secures $5 million in seed funding from Elevation Capital

    July 12, 2025

    HSBC assists German fintech Re: entry into the UK market with $169.2 million investment.

    July 11, 2025

    New Zealand fintech startups must demonstrate viability in the domestic market before exploring export opportunities, according to a VC firm.

    July 11, 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

Lessons for Fintech Startups from the Streamx Acquisition in Compliance Navigation

July 14, 2025

Wells Fargo introduces a specialized tech banking team in Utah focused on SaaS, fintech, and clean technology.

July 13, 2025

NRI-focused Fintech startup secures $5 million in seed funding from Elevation Capital

July 12, 2025
Leave A Reply Cancel Reply

Latest news

AES stock rises 20% amid speculation of a possible acquisition and a boost in renewable energy investments.

July 14, 2025

Anna Schneider’s financial advancements contributed to AI growth at Polen Capital.

July 14, 2025

Lessons for Fintech Startups from the Streamx Acquisition in Compliance Navigation

July 14, 2025
News
  • AI in Finance (1,360)
  • Breaking News (155)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (290)
  • Market Insights (191)
  • Market Rumors (245)
  • Regulatory Updates (151)
  • Startup News (912)
  • Technology Innovations (154)
  • 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 (1,360)
  • Breaking News (155)
  • Corporate Acquisitions (65)
  • Industry Trends (178)
  • Jobs Market News (290)
  • Market Insights (191)
  • Market Rumors (245)
  • Regulatory Updates (151)
  • Startup News (912)
  • Technology Innovations (154)
  • 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.