Amid Brazil’s persistent economic crisis, fintech startup GuiaBolso raises $39 million

Friday, October 20, 2017

Despite a continuing economic crisis, Brazil’s technology startups are continuing to attract cash and financing, with the mobile personal financial service GuiaBolso raising $39 million in fresh funding.

Readers outside of Brazil can think of the company as a combination of U.S. services like Mint, Credit Karma and Lending Club, all rolled into one.

That GuiaBolso has emerged as a bright spot in the otherwise grim horizon of Brazil’s economic outlook speaks to a broader divergence between the country’s digital economy, which continues to grow, and its offline industries, which have been stumbling since 2015.

Photo courtesy of Kārlis Dambrāns.

Source: TechCrunch (link opens in a new window)

fintech, startups