Asaas reports increase of more than 100% in total volume of payments and discloses balance of 2024

Asaas, a financial and management solutions platform for SMEs, has just released its financial and operational results for 2024. 

The year 2024 marked a historic chapter for Asaas, with impressive achievements and strategic advancements. The highlight is the largest and most significant financial contribution we have ever received – also the largest in Latin America – totaling R$820 million. We met our initial projections and moved closer to the long-awaited IPO, expanding our market and helping over 19,000 clients intelligently manage their businesses. 

We recorded a 103% growth in Total Payment Volume (TPV), reaching R$43.5 billion, compared to R$21.4 billion in the previous year. Our gross revenue reached R$339.5 million, a 54% increase, while net profit grew significantly, totaling R$11.5 million. Although revenue may seem modest given the more than 100% increase in TPV, our BaaS (Banking as a Service) solution stands out for its robustness, attracting large 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 consolidated our position as the largest provider of financial technology solutions for SMEs in Brazil. Our goal is to exceed R$1 billion in annual revenue by 2026 and surpass R$2 billion by 2027," stated Piero Contezini, co-founder and president of Asaas.

The financial results for 2024 show significant growth and the overcoming of operational challenges, solidifying the company's prominent position in the sector. Below is a summary of the key data: 

• The growth in TPV reflects the expansion of the customer base and increased adoption of the company's solutions. The total volume of payments processed by Asaas reached R$ 43.5 billion, more than double the amount transacted in 2023;
  
• The company had gross revenue of R$ 339.5 million, a growth of 54% compared to the previous year;
  
• Asaas recorded a profit of R$11.5 million;
  
• The company's profitability improved significantly: the net margin, which was previously negative at -2.3%, rose to 3.7%.
  
• The gross margin grew by 3.5 percentage points to 65.6% in 2024, which demonstrates greater efficiency in direct costs.
  
• "The contribution margin, which reflects the profit obtained after covering variable costs, showed a growth of 67%, 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 investment we received. We have operational efficiency in our favor, which we worked hard to achieve. Now, it's about continuing this way, improving the customer experience and ensuring the sustainability of our expansion, moving towards the IPO that will arrive soon," concludes Contezini.