IORQ

IORQ (Investimentos Orquestrados) is a Brazilian credit technology and infrastructure platform that coordinates the full credit chain, from borrowers through to investors. It operates in three areas: direct lending to high-middle-market and corporate companies, structured operations involving securitization of receivables originated by third parties, and embedded finance, in which client companies offer credit inside their own ecosystems under their own brand. The company positions its proprietary technology and collateral (guarantee) controls as the means to structure and monitor credit in real time and to support complex or deeply integrated structures.

IORQ was formed as a new parent entity holding ownership in mature operating businesses in Brazil, including Quatá Investimentos, an independent credit asset manager with more than 16 years of experience in structured credit, a brAA rating and over BRL 1.8bn in FIDCs. Quatá is also described as the birthplace of QI Tech, a Brazilian credit infrastructure unicorn. The creation of IORQ was accompanied by a corporate reorganization in which Quatá Investimentos flipped to a Cayman-US structure. IORQ's fund shelf includes vehicles across direct lending, embedded finance, FGTS-backed payroll lending and fund-of-fund FIDC structures, such as ALUME FIDC, IORQ FREDERIC FIDC, PRASS FIDC II, PRASS FIC FIM CP, Quatá 60 FIC FIDC, Quatá FIDC Multisetorial and two Quatá FGTS vehicles.

The platform's stated technical approach combines AI-driven automation of credit workflows — underwriting, contract management, guarantee management, risk assessment and real-time performance monitoring — delivered through white-label APIs covering compliance, payments and data intelligence. Management states this reduces administrative and recovery costs and extends credit to underserved market segments.

Founding story

IORQ was founded in 2025 by Patrick Sigrist, co-founder of iFood and Nomad, together with Beatriz Degani, former chief executive of QI Tech, and Bernardo Mergár, formerly of McKinsey. Sigrist serves as co-founder and Executive Chairman, Degani as chief executive and Mergár as chief operating officer. The venture was structured to hold and integrate mature Brazilian operating entities, notably credit asset manager Quatá Investimentos.

Business model

IORQ intermediates credit by connecting institutional and other investors directly with corporate borrowers, removing intermediaries from the chain. Revenue-bearing activity sits across three product lines: direct corporate lending, securitization of third-party-originated receivables through structured vehicles and FIDCs, and embedded finance in which client companies run branded credit programmes on IORQ's infrastructure and funding. The group also manages credit funds through Quatá Investimentos, an asset manager holding FIDC mandates.

Revenue is derived from credit operations and fund and structured-vehicle management across direct lending, securitization and embedded finance mandates.

Traction

The company states more than BRL 15bn originated, BRL 2.5bn under management, delinquency below 0.7%, more than 15 years of track record and more than 10 exclusive funds structured. At launch in August 2025 it reported approximately $456-459m (BRL 2.5bn) under management. Quatá Investimentos, the operating asset manager held by IORQ, is reported to have over BRL 1.8bn in FIDCs and a brAA rating.

Latest developments

In August 2025 IORQ launched publicly, disclosing a BRL 35m (approximately $6.4m) Series A led by Upload Ventures with Monashees, ONEVC and Norte Ventures, and roughly BRL 2.5bn ($459m) under management. Proceeds are earmarked for expanding the company's technology infrastructure, including APIs for compliance, payments and data intelligence.