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06 August 2021

Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox - CoinDesk

Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox - CoinDesk


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Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox.

The acquisition comes as part of plans by Via Varejo to provide financial services to millions of Brazilians who lack the means to obtain traditional bank accounts, according to a statement released Friday.

Victor Santos, CEO and co-founder at Airfox, told CoinDesk that Airfox’s intention is to provide free bank accounts with “superior services.” As more people bank with the firm, the more affordable credit and adjacent financial services become, he said.

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