Brazil’s Robbin raises $8 million and sets up a $100 million FIDC to scale B2B credit and payments for retail supply chains

Brazilian fintech Robbin has raised $8 million in seed funding and, alongside it, structured a $100 million FIDC with Augme, XP’s asset manager, to finance its B2B credit and payments platform for the industry-retail chain. For PSPs and lenders, the important bit is not the equity round; it is the dedicated funding vehicle that lets Robbin push credit originations without eating its own balance sheet.

1. Robbin’s seed round was co-led by Canary, Atlântico and Caravela, with participation from AB Seed, Norte Ventures, Clocktower and Tomorrow Capital. The company said the new capital will go into platform growth and new automation agents for industrial financial workflows.
2. The company also announced a $100 million FIDC, or Fundo de Investimento em Direitos Creditórios, structured with Augme, XP’s asset manager. Robbin said the vehicle is dedicated exclusively to financing the platform’s credit operations, and it expects to allocate the full amount by the end of 2027. The source also puts the vehicle at R$ 502 million.
3. Robbin’s model is built around co-branded virtual cards: large manufacturers offer a card under their own brand to retail partners, with credit, payment terms and benefits such as discounts or Livelo points. Technically, the company says the transactions run on Pix rather than on Visa or Mastercard rails, which cuts operating costs and processes payments in real time.
4. CEO Leonardo Moura framed the product as a fix for a neglected corner of B2B finance: retail has had credit cards, BNPL, installments and smoother consumer payment experiences, while the link between industry and retail has stayed stuck. Robbin says its AI layer, Robbinson, recently launched as an assistant for industrial sales teams and can approve credit in real time via WhatsApp.
5. The funding structure matters because the FIDC separates credit risk from the company’s balance sheet, allowing Robbin to scale origination without consuming the seed capital. That is a familiar move for B2B credit fintechs in supply chains, which often use FIDCs to decouple operating capital from loan-book risk.

One thing to watch: by replacing card networks with Pix, Robbin removes interchange costs, but it also ends up competing with factoring, receivables advances and supply chain finance providers already working inside retail distribution chains. The co-branded card only works if manufacturers see enough value to distribute it, and if retailers are willing to adopt another credit instrument without cannibalizing the lines they already use.