Pipo Saude, a Brazilian provider of healthcare services for businesses and their employees, has raised $4.6 million in a new round of funding to expand its footprint in Brazil.

“We go all the way to the end beneficiaries.”Pipo Saude helps companies price their insurance appropriately and bring down the medical loss ratio that companies suffer.

Backing the company with a $4.6 million round are two of Latin America’s top investment firms — Monashees and Kaszek Ventures .

Pipo Saude makes money off of commissions and has a few corollaries in companies like Zenefits (in its earliest days), Amino, or the Canadian care benefit management company, Mitchell said.

Torres and Mitchell had known each other as students at the University of Sao Paolo where they both studied economics. | To read full story, visit https://startuparound.com/read/1591978619.4908686/Pipo-Saude-raises-$4.6-million-to-bring-healthcare-benefits-management-services-to-Brazil-–-TechCrunch?ref=audio_experience