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Bradesco is one of the biggest banking and financial services company in Brazil. Bradesco was the largest private bank in Brazil until Banco Itaú and Unibanco merged in 2009. Bradesco is headquartered in Osasco (SP), has 4,686 branches, 3,781 Service Branches and 59.307 “Bradesco Expresso” Units, the correspondent bank through of partnerships with supermarkets, drugstores, department stores and other retail chains. Currently is the third largest Brazilian bank by total assets.
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Fintech Quanto scores US$15M with Brazil’s largest banks
Contxto – The Brazilian Fintech Quanto just raised US $15 million with Itaú Unibanco and Bradesco: The two largest banks in Brazil. Not satisfied with bagging these major financial institutions when it comes to banking, Kaszek Ventures and Coatue—both VCs—also pitched some funds for this investment round. While Itaú Unibanco’s contribution happened as a direct […]
Fintech Quanto closes US$15 million to give open banking power to the people
Contxto – Brazil will begin rolling out its open banking regulations as of next November. And as the date rolls closer, more funding rounds for startups in open banking are being announced. Case in point is São Paulo-based fintech Quanto who this week disclosed it raised US$15 million. Itaú Bank and Bradesco led the investment […]
The Ultimate Guide to Venture Capital in Brazil [Updated 2020]
Contxto — The private equity sector has been progressing rapidly in Brazil. With economic stability firmly established, dropping interest rates, and low country risk, the local market is already an attractive option for venture capital in Brazil. However, storm clouds gather ahead. Brazil was going through rough economic waters even before the Covid-crisis. We shan’t […]
Ripple and Central Bank of Brazil hold private meeting
Contxto – What are Ripple and the Central Bank of Brazil up to? On May 30, reps from both parties had a closed-door meeting. During the video conference call, Ripple’s CEO, Brad Garlinghouse talked to the Bank’s President, Roberto Campos Neto. The objective of the meeting was to discuss “institutional matters”. This incredibly vague wording […]
Nubank debit payments for Spotify and Netflix from December 9
Contxto – Just yesterday, Brazilian fintech Nubank revealed that NuConta cardholders can look forward to making monthly debit payments for streaming services beginning December 9. Meaning, if it’s time to cough up for your Netflix and Spotify Premium subscriptions, you’re in luck. Originally, this service was only available for credit cardholders. Not anymore! Though still […]
Agrosmart from Brazil wraps up US$5.5 million Series A
Contxto – Certain farming methodologies once revolved around fears of the supernatural and bird migrations. Nowadays, though, farmers are using technology and data to effectively till the soil. Agrosmart is one company improving agricultural methods. Previously featured in our agrotech Brazilian agrotech Market Map, the startup just raised a Series A worth R$22 million, approximately […]