GPA

Boston-Based Fintech Startup Airfox Acquired by Brazilian Retail Giant Via Varejo

Friday, May 22, 2020 - 10:30pm

Boston-based fintech startup Airfox is joining Via Varejo, the largest retailer in Brazil serving 60 million customers through popular nationwide retail chains Casas Bahia and PontoFrio.

Key Points: 
  • Boston-based fintech startup Airfox is joining Via Varejo, the largest retailer in Brazil serving 60 million customers through popular nationwide retail chains Casas Bahia and PontoFrio.
  • Publicly held Via Varejo is acquiring Airfox for an undisclosed amount.
  • Under the leadership of co-founder Victor Santos, Airfox has assembled an incredible collection of experienced financial and mobile industry veterans across offices spanning two continents.
  • Airfox was also honored as a finalist in the 2020 SXSW Innovation Awards and Fast Companys World Changing Ideas Awards.

ZestFinance Announces AI Lending Partnership With via Varejo and Banqi

Thursday, July 11, 2019 - 6:00pm

ZestFinance, a leading U.S. artificial intelligence software (AI) firm, today announced a partnership with Via Varejo to power the credit underwriting for its carns point-of-sale microfinancing.

Key Points: 
  • ZestFinance, a leading U.S. artificial intelligence software (AI) firm, today announced a partnership with Via Varejo to power the credit underwriting for its carns point-of-sale microfinancing.
  • The new AI credit model will begin testing in the second half of 2019, and roll-out will begin in early 2020.
  • The partnership with Zest also extends to Banqi, a challenger bank subsidiary of Via Varejo aimed at the 50 million Brazilian consumers who lack a traditional financial institution.
  • "The digitization of processes and payment options creates entirely new avenues for innovation in how we serve our customers, says Felipe Negrao, Executive Director of Via Varejo.

Airfox Partners with Brazilian Retail Giant on Mobile Blockchain Financial Services

Wednesday, September 12, 2018 - 1:00pm

BOSTON, Sept. 12, 2018 /PRNewswire/ -- Airfox today announced an exclusive partnership with Brazilian retail giant Via Varejo to extend its mobile financial services to 60 million Brazilian consumers across Via Varejo's retail locations and e-commerce websites.

Key Points: 
  • BOSTON, Sept. 12, 2018 /PRNewswire/ -- Airfox today announced an exclusive partnership with Brazilian retail giant Via Varejo to extend its mobile financial services to 60 million Brazilian consumers across Via Varejo's retail locations and e-commerce websites.
  • "Our partnership with Via Varejo supports our mission to democratize financial services for the Brazilian population currently underserved by financial institutions," said Victor Santos, co-founder and CEO of Airfox.
  • Airfox is on a mission to provide more than two billion unbanked people in emerging markets with mobile access to financial services.
  • The Airfox app, available on Android, eliminates the need for traditional financial institutions and enables unbanked users without credit access to critical financial services.