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

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

The post Brazilian consumer credit startup Open Co raises $115M in SoftBank-led round appeared first on LendIt Fintech News.

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