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Brazilian consumer credit startup Open Co raises $115M in SoftBank-led round
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Brazilian consumer credit startup Open Co raises $115M in SoftBank-led round

Brazilian consumer credit startup Open Co raises $115M in SoftBank-led round

John K. White·
Fintech
·Dec. 17, 2021·1 min read

For decades, Brazil has had a huge credit problem. It is Latin America’s largest country and has one of the highest interest rate spreads in the world.  To give you an idea of just how bad it is, reports indicated that in 2019, credit card interest rates neared a staggering 300% in Brazil. This is […]

Read the full article at: techcrunch.com

  • John K. White
    John K. White

    John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.

    View all posts
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