Edition:
United States

Aluisio Alves

Brazilian fintech Nubank has grown to 15 million users: CEO

Oct 11 2019

SAO PAULO Brazilian financial technology start-up Nubank now has 15 million clients, the firm's chief executive said on Friday, a figure which underlines the rapid growth of the Sequoia Capital-backed venture in Latin America's largest economy.

Sete Brasil creditors approve sale of rigs to UK's Magni Partners -sources

Oct 04 2019

SAO PAULO, Oct 4 Creditors of Brazilian oil platforms and rigs maker Sete Brasil have approved the sale of four oil exploration rigs to British company Magni Partners, two sources familiar with the deal told Reuters on Friday.

SoftBank mulls bringing 40 companies to Brazil

Sep 21 2019

SAO PAULO Japan's SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large investment in the country in around two weeks' time, the group's head in Brazil, André Maciel, said on Friday.

Amazon.com brings Prime service to Brazil; local retail shares drop

Sep 10 2019

SAO PAULO Amazon.com Inc said on Tuesday it will launch its Prime subscription service in Brazil, where it has struggled against tough local competition in Latin America's largest economy.

SoftBank leads new financing round in Brazil's housing broker QuintoAndar

Sep 10 2019

SAO PAULO, Sept 10 Brazilian online housing broker QuintoAndar has raised $250 million in a new funding round led by Japan's SoftBank Group International, the company said on Tuesday.

Amazon launches Prime service in challenging Brazil market

Sep 09 2019

SAO PAULO, Sept 10 Amazon.com Inc said it will launch its Prime subscription service in Brazil on Tuesday as it seeks to broaden its footprint in Latin America's largest economy, where it has struggled against tough local competition.

Brazil's Itau focuses on growing payment app, less on card processing

Aug 14 2019

SAO PAULO, Aug 13 Brazilian lender Itau Unibanco Holding SA is shifting its payment services strategy to focus on its most profitable segments, a senior executive told Reuters, as competition in the card processing business has weighed on fees.

Brazilian startup Volanty gets capital injection led by SoftBank

Aug 07 2019

SAO PAULO Brazil's digital used car portal Volanty has received an infusion of 70 million reais ($17.6 million) from venture capital funds led by Japan's SoftBank and Kaszek of Argentina.

Softbank in talks to invest in Brazilian fintech Nubank -source

Jun 06 2019

SAO PAULO, June 6 Japan's Softbank Group Corp is in talks to invest in Brazilian financial technology company Nubank, a source said.

Brazil's Itaú plans to close 400 branches in two years -sources

May 13 2019

SAO PAULO, May 13 Brazil's largest private lender, Itaú Unibanco Holding SA, plans to close 400 branches in the country over the next two years, two sources with knowledge of the matter said.

World News