SRM Ventures, the venture capital arm of SRM Asset, has announced a strategic $1.8 million investment in LastWish, a Brazilian fintech specializing in family and succession planning. This capital injection will fuel the launch of an innovative credit line designed to finance inheritance inventory processes, a common hurdle for many families. The new product directly addresses the liquidity challenges that often stall the transfer of assets following a death, marking a significant development in the estate management sector.
Addressing a Critical Financial Gap in Estate Settlement
In Brazil, the number of extrajudicial inventories is rising, with nearly 247,000 filed in 2024, and the trend continues upward into 2025. However, families often struggle with the high associated costs, including notary fees, legal representation, and the mandatory Inheritance and Donation Tax (ITCMD). This financial burden frequently leads to stalled legal proceedings, effectively locking up valuable family assets and preventing their timely distribution to heirs for extended periods.
An Innovative Credit Solution for Heirs
LastWish's new Inventory Credit product is engineered to eliminate this financial barrier by advancing funds for all essential upfront expenses. The loan is uniquely structured for repayment at the conclusion of the process, using funds directly from the inherited estate itself. Fabiano Carrijo, CEO of LastWish, stated that the goal is to unlock these stalled procedures, aiming to support approximately 500 families within the first year of operation.
A Strategic Partnership for Market Growth
This investment aligns perfectly with SRM Ventures' strategy of backing niche fintechs that are poised to drive credit expansion in the country. André Szapiro, head of the firm, highlighted their commitment, noting they manage a $90.5 million fund and have originated over $217.3 million in credit in just three years. For SRM Ventures, LastWish represents a unique opportunity to tap into a large and historically underserved market with a scalable, digital-first solution.
For LastWish, this funding marks a pivotal expansion from offering estate planning services to providing critical financial execution tools. Thiago Ribeiro, the company's CMO, explained that the credit line meets a significant demand from families who lack the immediate liquidity to cover inventory costs. By providing this financing, the solution empowers heirs to avoid rushed asset sales, potentially preserving at least 20% of their inheritance's value by allowing for more strategic decisions.
Future Outlook and Technological Advancement
Looking ahead, LastWish plans to leverage the investment to scale its operations and enhance its technological infrastructure throughout 2026. Key initiatives include expanding its network of partner law firms and notaries while refining its proprietary models for risk analysis and credit policy. The company will also reinforce its governance and data security frameworks to ensure transparent, auditable, and secure communication with all families during the sensitive process.
The $1.8 million investment from SRM Ventures is more than a financial transaction; it is a strategic partnership set to reshape Brazil's succession landscape. By providing a crucial liquidity solution, LastWish is not only unlocking billions in frozen assets but also offering families financial stability and control during a difficult time. This move solidifies the fintech's position as a comprehensive leader in the estate management ecosystem, promising significant social and economic impact.