In 2020, Laqus, formerly known as M2M, set out to revolutionize treasury management and financial operations by challenging the monopoly established by B3 in the Brazilian market. Focused on Agribusiness Receivables Certificates (CRA), Laqus aimed to create a depository platform to provide transparency and efficiency throughout the entire CRA issuance process, managing over R$310 billion in assets.
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CRA depository, with specific tools for all parties involved in the issuance process, also scalable to other securities such as CRI, LCI, LCA, debentures, and more.
Project developed according to CVM (Brazilian Securities and Exchange Commission) standards, with approval to begin operations.
Investment of R$10.8 million (learn more about).
An Agribusiness Receivables Certificate (CRA) is a private credit security backed by receivables from agribusiness activities. In most cases, these receivables come from farmers, cooperatives, or third parties, and are linked to financing agricultural production.
Imagine a farmer who signs a five-year supply contract to provide tomatoes to a supermarket chain. While the chain agrees to make monthly payments over this period, the farmer wants to anticipate the full contract amount. To do this, in partnership with a securitization company, the farmer issues a CRA. This issuance allows the farmer to immediately receive a lump sum, slightly less than the total he would earn over five years. This strategy provides the liquidity needed to invest right away in the growth and expansion of production.
There are around 20 players involved in the entire process. Some are mandatory, while others are optional.
Each player has their own needs and pain points during the CRA issuance and settlement process, yet they remain at the mercy of the outdated process imposed by the country’s single depository.
All this mapping is invaluable for a company that emerged to reduce bureaucracy and bring efficiency to the process.
In a landscape where agility and transparency have become crucial, the depository emerges as a transformative force. The platform not only aims to enhance daily operations but also to redefine efficiency standards in the financial market. Some key highlights include:
The depository provided specific tools designed to optimize daily operations for multiple stakeholders, including issuers, distributors, investors, custodians, and others.
The platform established a fully integrated issuance and settlement flow for CRAs. This not only simplified processes but also promoted significant transparency at every stage of the cycle.
Given the scale of the project, the depository is strategically prepared to expand operations to other financial instruments such as LCI, LCA, CRI, and debentures. The use of templates and customizable dashboards reflects a modern and adaptable approach.
By providing a more efficient and transparent environment, the depository helped reduce operational costs and increased efficiency across all stages of the process.
After securing CVM approval for its operations, Laqus reached a significant milestone by receiving a substantial financial investment of R$10.8 million.
These landmark events positioned the company not only as an authorized participant in the financial landscape but also as an entity backed by substantial resources, underscoring its ability to influence and transform the market.
This post-launch chapter not only validates Laqus’s vision but also marks the beginning of a solid journey toward new opportunities and achievements in the sector.