CondoConta Secures USD 5.8 Million Funding Boost from EXT Capital for Condo Communities

CondoConta, the Brazilian frontrunner in providing tailored financial services for condominium communities, has clinched a substantial investment of USD 5.8 million from EXT Capital, a strategic move set to bolster its financial offerings for condominiums nationwide.

This latest influx of capital underscores CondoConta’s remarkable growth since its inception in 2017. The company has carved a niche for itself by addressing the unique financial requisites of condominiums, employing a cutting-edge digital platform that empowers these communities to efficiently and transparently manage their finances.

With approximately USD 96 million in transactions managed and a growing clientele comprising around 3,000 condominium communities, CondoConta is now poised to take its services to the next level. The injection of funds will predominantly strengthen the company’s loan division, further enhancing its ability to provide financial support to condominiums across various locations in Brazil.

Rodrigo Della Rocca, CEO, and co-founder of CondoConta expressed his excitement about this development, stating, “We are experiencing the best moment for CondoConta. The investment is fuel for even greater advancements in our innovations and experiences with condominium residents.”

CondoConta offers a comprehensive suite of financial services to condominiums, encompassing bank accounts, financing, and expense management. Its commitment to improving the financial well-being of condominium communities has been central to its rapid success.

EXT Capital’s backing represents a significant vote of confidence in CondoConta’s future potential. As the company gears up to extend its reach and impact, this investment solidifies its position as a leader in revolutionizing financial services for condominiums. The Brazilian condominium landscape can anticipate more innovative and efficient financial solutions in the near future, thanks to CondoConta’s ongoing commitment to excellence and EXT Capital’s faith in its vision.