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Ukrainian Edtech Promova Expands into Brazil as Key Growth Market with 1M+ Users

“English is not a privilege”—Promova bets big on democratizing language learning in Latin America’s largest economy.

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Ukrainian edtech startup Promova is ramping up its expansion into Brazil, aiming to make the country its second-largest market globally. Founded in 2019, the platform already boasts more than 1 million users in Brazil, and its CEO says the goal is to quadruple that number within the year.

With personalized, AI-powered tools designed to teach English through TV shows, movies, business contexts, and more, Promova hopes to make learning both accessible and contextual.

“We use AI heavily, but as a tool — our focus is on real, human-centered learning,” said Andrew Skrypnyk, CEO and founder of Promova.

Why Brazil?

Brazil’s population of over 212 million, high internet penetration (86%), and historically low English proficiency make it fertile ground for language learning platforms. According to the EF English Proficiency Index, Brazil ranks 86th out of 116 countries, falling behind regional peers like Argentina and Uruguay.

“When we studied the Brazilian market, we realized speaking English was still a privilege — accessible mostly to the upper class,” said Skrypnyk. “That’s something we experienced in Ukraine, too. We want to change that.”

Interestingly, the company name Promova means “promotion” or “growth” in Portuguese, aligning seamlessly with its mission to foster personal and professional advancement through language education.

Local Hiring and a Physical Presence

Since early 2024, Promova has been hiring Brazilian talent and is now considering opening a physical office in São Paulo or another startup hub. The company’s 200-person team is currently distributed across Europe and Ukraine, with Brazil being its first major footprint in Latin America.

The expansion is being funded through founder capital rather than VC backing — at least for now. However, Skrypnyk confirms that talks are ongoing with Brazilian VCs to raise the company’s first institutional funding round.

A Unicorn Mindset—Without the Burn

Unlike many growth-at-all-costs edtechs, Promova aims to be what its CEO calls a “true unicorn” — a profitable and sustainable company that scales responsibly in competitive markets like language learning.

“We want to be a global company. Profitability matters. We’re not just chasing user numbers—we’re building something that lasts,” said Skrypnyk.

Exporting Ukrainian Edtech

Promova is part of a rising wave of Ukrainian tech companies going global, alongside Grammarly, Preply, and Headway. Skrypnyk attributes this global reach to Ukraine’s high English fluency among tech professionals, many of whom began by working with Western clients.

“English was our gateway to the world. I see the same potential in Brazil,” he said. “Once people here improve their English, they’ll gain access to global knowledge, content, and opportunities to build businesses beyond borders.”

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Brazilian FinTech Startup Decade Raises $85M to Expand AI-Powered Wealth Management Platform

The round, described as the largest seed investment in Latin America, will support Decade’s AI-powered platform for making sophisticated wealth management services accessible to a broader market.

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Brazilian AI fintech Decade, co-founded by former Nubank CTO Vitor Olivier, has raised US$85 million in a seed funding round to develop an AI-powered wealth management platform.

The round was co-led by Benchmark, GreenOaks, and Diffusion, with participation from Brazilian investors Norte Ventures and Atlantico. The company’s valuation following the investment was not disclosed.

The financing is described as the largest seed funding round in Latin American history, giving Decade significant capital to develop a technology-driven alternative to traditional wealth management services.

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Bringing Family Office Services to More Investors

Decade aims to make sophisticated financial planning and investment management capabilities traditionally associated with multi-family offices available to a broader group of investors.

The company plans to combine artificial intelligence with human financial expertise to help users understand their financial position, manage investments, identify risks, and make better long-term financial decisions.

Vitor Olivier, Co-Founder and CEO of Decade, sees an opportunity to bring the type of technological transformation to wealth management that digital banking brought to traditional financial services.

Building an AI-Powered Financial Hub

Decade connects with users’ financial accounts through Brazil’s Open Finance infrastructure, allowing its platform to create a consolidated view of their assets, liabilities, investments, and financial activity.

Its AI technology can continuously analyse factors including spending patterns, portfolio allocation, wealth concentration, and financial risk.

Users can also perform financial simulations, generate projections, and ask complex questions about their finances based on their individual financial information.

Decade intends to operate as an independent layer between customers and financial institutions, allowing the platform to provide recommendations without being tied to a specific bank or investment provider.

Integrating With Brazil’s Investment Ecosystem

The startup has already established integrations with major Brazilian financial platforms including BTG Pactual and XP Investimentos, initially allowing customers to visualise financial information held across different institutions.

Decade plans to eventually enable users to execute financial transactions directly through its platform as its product and regulatory capabilities expand.

The service is expected to operate under a subscription model costing approximately R$200 per month, providing access to the platform, its AI-powered financial tools, and support from human consultants.

Founded by Former Nubank Leaders

Decade was co-founded by Vitor Olivier and Felipe Meneses, who serves as the company’s Head of AI.

The idea emerged from discussions between the founders while they were working at Nubank, where Olivier previously served as Chief Technology Officer.

Following Olivier’s departure from Nubank, the founders began developing Decade and building its team, which has grown to approximately 26 professionals.

The company currently operates under an investment consulting licence from Brazil’s Securities and Exchange Commission (CVM) and is pursuing an additional asset management licence that would allow it to expand its financial services.

Preparing for Wider Expansion

Decade is currently operating in beta and is managing several billion reais in assets for a limited group of clients while refining its platform and customer experience.

The company has opened a waitlist for prospective users but is prioritising product development before accelerating customer acquisition.

With $85 million in seed capital, Decade plans to establish an AI-native wealth management platform capable of combining automated financial intelligence with human expertise.

Starting in Brazil, the company ultimately sees an opportunity to take its model into additional international markets as it seeks to broaden access to sophisticated financial planning and wealth management services.

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Brazilian Startup Strattum Raises $3.2M Pre-Seed to Build AI Data Infrastructure for Enterprises

The funding will support product validation, platform development, and the startup’s international expansion plans.

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Strattum, a Brazil-based enterprise AI startup, has raised US$3.2 million in a Pre-Seed funding round.

The round was co-led by Maya Capital and ONEVC, with participation from Norte Ventures and three angel investors.

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Funding to Build Enterprise AI Infrastructure

Strattum will use the new funding to validate its platform, accelerate product development, and prepare for international expansion.

The company aims to build the data infrastructure that enables enterprises to deploy artificial intelligence more effectively by organizing fragmented corporate data into a unified AI-ready environment.

Building a “Corporate AI Brain”

Founded by industry veterans, Strattum develops an AI data platform designed to become the “corporate brain” for large organizations.

Rather than building its own AI models, the platform creates a centralized context layer that organizes enterprise data and provides AI applications with accurate, structured, and secure information.

The company says its solution helps organizations accelerate AI adoption while improving data governance, reducing implementation costs, and maintaining data sovereignty.

Serving Large Enterprises

Strattum targets large organizations across industries including retail, financial services, technology, and the broader industrial sector, where fragmented data remains one of the biggest barriers to enterprise AI adoption.

Its platform combines recurring subscription revenue with usage-based pricing for enterprise data processing, while dedicated implementation engineers help customers integrate the technology into their existing systems.

Preparing for Global Expansion

Although initially focused on Brazil, Strattum has already begun testing its platform in international markets.

The company plans to use the current funding to strengthen its domestic presence before pursuing a future funding round to accelerate global expansion and establish itself as an international enterprise AI infrastructure provider.

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Brazil-Based LogTech Startup Einship Raises $1M to Expand AI-Powered Global Trade Intelligence Platform

The funding will accelerate the company’s international expansion and strengthen its AI platform for foreign trade and logistics.

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Einship, a Brazil-based AI-native logistics technology (LogTech) startup, has raised US$1 million in a Seed funding round. The round was led by US-based venture capital firm Parceiro Ventures.

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Funding to Accelerate Global Expansion

Einship will use the new funding to accelerate its international expansion, enhance its AI-powered trade intelligence platform, expand its commercial team, and strengthen its global brand.

The company also plans to develop new AI-driven capabilities to help businesses improve decision-making across international supply chains.

AI Platform for Global Trade

Founded by Luiz Policarpo, Einship develops an AI-powered platform that combines market intelligence, operational management, and data analytics to help companies manage international trade more efficiently.

Its platform enables importers, exporters, and logistics providers to make faster, data-driven decisions while reducing logistics costs, improving operational predictability, and automating manual trade processes.

Supporting International Logistics

Einship’s technology helps businesses navigate the complexity of global commerce by providing real-time insights into supply chain operations, regulatory requirements, and market conditions.

The platform serves more than 100 enterprise customers, including APM Terminals and Allog Group, supporting trade operations across Europe, China, the United States, and other international markets.

Building a Global Trade Technology Company

The funding comes after a period of rapid growth for Einship.

According to the company, revenue increased by more than 400% in 2025, while revenue generated during the first five months of 2026 had already exceeded its total revenue for the previous year.

With the new investment, Einship aims to strengthen its presence in existing international markets while selectively expanding into new countries as it builds a global platform for AI-powered trade intelligence.

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