Azos, a Brazilian InsurTech focused on individual life insurance, has raised $25m in a Series C round to expand in a market still dominated by Bradesco and Prudential.
The capital will be used to scale operations, grow its product offering, and reach underserved customers in Brazil’s concentrated life insurance market, according to Brazil Journal.
The Series C was led by Kaszek and investor Kevin Efru, alongside participation from other strategic backers. Azos has built a digital-first platform designed to simplify the discovery, quoting, and purchase of individual life insurance, targeting customers historically limited by complex processes and few options.
The funding supports accelerated go-to-market efforts and product development, allowing Azos to leverage technology and data to deliver more accessible and affordable life insurance.
The company aims to challenge the incumbent-led structure in Brazil and increase penetration of individual life coverage through digital distribution and streamlined underwriting.
Founded with a vision to modernise life insurance in Brazil, Azos has previously raised capital to develop its platform and partnerships with carriers, brokers, and digital channels. With the new Series C funding, the company plans to strengthen its position as a leading challenger in the individual life insurance space.
The deal bucks broader trends for Latin American fintech investment.
According to FinTech Global research, LatAm FinTech funding halved year-on-year in Q4 2025. While deal activity rose slightly—34 deals in Q4 2025, up 10% from 31 in Q4 2024—total funding fell sharply to $400.8 million, a 55% decrease from $886.2 million the previous year.
Compared with Q3 2025, deal volume fell 15% from 40 to 34, and funding dropped 30% from $572 million, highlighting a broader contraction in capital deployment alongside lower deal activity.
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