Brazilian content platform Hotmart operates a R$1.54 billion receivables fund called HotFund to advance creator sales. The fund acquired R$215.4 million in creator receivables in October alone. Hotmart did not comment on the structure.
How the fund works
The fund buys credit card receivables and installment receivables from creators who sell courses through Hotmart. Hotmart acts as a subacquirer or collection agent. The first installment is excluded because creators already receive it.
Capital base
HotFund began operating in June 2021. It held R$1.13 billion in credit rights and R$410.7 million in fund shares. Subordinated quotas represented 73.7% of the portfolio, while senior quotas totaled about R$404 million.
Operational shift
QI Tech recently replaced Genial as administrator, custodian, controller, and fund manager. The transfer was approved on October 20, 2026 and took effect after the October 23 close. A source said the change likely reflects better commercial terms.
Senior quotas pay DI plus 1.40% annually. Amortizations run from October 28, 2027 to March 28, 2028. The fund reported no overdue or defaulted credits in the latest monthly filing.
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