trending Market Intelligence /marketintelligence/en/news-insights/trending/o6btw_slxnl2gaehfunkfq2 content esgSubNav
In This List

Brazil's FinanZero eyes 300% growth in revenues in H1'19

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Brazil's FinanZero eyes 300% growth in revenues in H1'19

Financial technology company FinanZero Brasil Serviços Online Ltda. expects to record a 300% growth in its revenues in the first half of 2019, Diário Comércio Indústria e Serviços reported, citing company CEO Olle Widén.

FinanZero is currently seeing a monthly growth of 25% in its operations and already has more than 1 million credit applicants in its platform, Widén said. In the past year, the company breached the 20 million Brazilian reais mark in intermediated credits, the CEO added.

With a positive outlook on Brazil's economic performance in 2019, FinanZero aims to become the No. 1 company in the country's banking intermediation market. "Our clients are representatives of all classes and have in common the search for ease in financial and banking operations," said Cadu Guidi, the company's marketing director. "We plan in the long term the launch of platforms that will also help in the discharge of consumer debts and in the negotiations with the bank, thus improving communication between the two sides."

The company expects greater economic stability in 2019 that will usher in lower unemployment and interest rates even amid a volatile political scenario.

FinanZero operates an online platform for personal loans and is involved in negotiating consumer credit with several banks and credit institutions.

As of March 9, US$1 was equivalent to 3.25 Brazilian reais.