Asaas, a financial and management solutions platform for SMEs, has just released its 2024 financial and operational results.
“The year 2024 marked a historic chapter for Asaas, with significant achievements and strategic advances. The highlight was the largest and most important financial investment we’ve ever received—also the largest in Latin America—amounting to R$820 million. We met our initial projections and advanced toward the long-awaited IPO, expanding our market and assisting over 19,000 clients in managing their businesses intelligently.
We recorded a 103% growth in Total Payment Volume (TPV), reaching R$43.5 billion, compared to R$21.4 billion the previous year. Our gross revenue reached R$339.5 million, a 54% increase, while net profit advanced significantly, totaling R$11.5 million. Although revenue may seem modest compared to the over 100% increase in TPV, our BaaS (Banking as a Service) solution stands out for its robustness, attracting major players who operate with high transaction volumes and reduced fees. This factor explains the accelerated growth of TPV relative to gross revenue.
“This was definitely a year of achievements and expansion for Asaas. For the first time, we attracted international funds and further solidified our position as the largest provider of financial technology solutions for SMEs in Brazil. Our goal is to surpass R$1 billion in annual revenue by 2026 and exceed R$2 billion by 2027,” said Piero Contezini, co-founder and president of Asaas.”
The 2024 financial results show significant growth and overcoming operational challenges, consolidating the company as a standout in the sector. Below is a summary of the key data:
- The growth in TPV reflects the expansion of the customer base and greater adoption of the company’s solutions. The total payment volume processed by Asaas reached R$43.5 billion, more than double the amount handled in 2023;
- The company had gross revenue of R$339.5 million, a 54% growth compared to the previous year;
- Asaas recorded a profit of R$11.5 million;
- The company’s profitability improved significantly: the net margin, previously negative at -2.3%, rose to 3.7%.
- The gross margin grew by 3.5 percentage points to 65.6% in 2024, demonstrating greater efficiency in direct costs.
- The contribution margin, which reflects profit after covering variable costs, showed a 67% growth, reaching R$186.3 million.”
Asaas’s performance in 2024 was robust, with accelerated and sustainable growth in both revenue and transactional volume.
“For 2025, our expectation is to continue growing responsibly and sustainably while strengthening and expanding our product portfolio, gradually accelerating our growth with the use of the investment we received. We have operational efficiency on our side, which we worked hard to achieve. Now, it’s about continuing this way, improving the customer experience and ensuring the sustainability of expansion, moving toward the IPO that will arrive soon,” concluded Contezini.
