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BankingToday

New challenger Adapta Financial institution launches in Brazil

A brand new digital challenger, Adapta Financial institution, has launched in Brazil providing shoppers all of the options of modern-day banking by means of a free cellular app account.

Adapta Financial institution launches in Brazil

Primarily based in Caruaru, the agency presents a funds account for invoice funds and financial institution transfers, cut up cost and money withdrawal options, a cost hyperlink possibility to simply accept funds from others, a reduction card and monetary training providers to assist customers handle their funds.

Adapta Financial institution additionally helps customers uncover credit score choices by means of its monetary market Agilizacred, which connects monetary establishments with clients and permits customers to entry a number of traces of credit score by means of the app.

In response to its web site, the agency doesn’t perform credit score operations immediately however relatively acts as a “digital credit score advisor” that goals to cut back forms, dangers and credit score prices for each side.

“As well as, we shorten the space between monetary establishments and their potential clients,” Adapta Financial institution says.

“The platform is secure, quick and fully free for shoppers.”

The launch follows a surge of exercise within the Latin American fintech house.

In February alone, Brazilian neobank Neon received $300 million in funding from Spanish banking large BBVA; São Paulo-based Banco Itaú partnered with US paytech Rêv to launch a multi-currency digital pockets; and Brazilian anti-fraud agency Clearsales acquired US start-up ChargebackOps for $3.6 million.

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