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United Kingdom

Aluisio Alves

Brazilian payments company Cielo eyes consolidation deals

30 Oct 2019

SAO PAULO Brazil's Cielo SA is considering potential mergers and acquisitions to consolidate its card-processing business, Chief Executive Paulo Caffarelli told reporters on Wednesday, ruling out reports that the company was in talks over a sale to rival StoneCo Ltd .

Brazilian fintech Nubank has grown to 15 million users: CEO

11 Oct 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

04 Oct 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

21 Sep 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

10 Sep 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

10 Sep 2019

SAO PAULO 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

10 Sep 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

14 Aug 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

07 Aug 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

06 Jun 2019

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

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