Good morning and welcome to the very first edition of the Brazil tech round-up! Every Friday, we’ll be bringing you up to date with the big tech and start-up stories and events in Brazil. This week, we’re looking at how Brazilian tech teams are faring in global challenges and the Google station arriving in Latin America’s biggest market. Happy reading!
Stephanie Fleury, CEO of fintech startup DinDin, just flew back to Brazil after participating as a finalist in the Visa Everywhere Initiative: Women’s Global Edition, which was held in Paris. The global challenge was open to female entrepreneurs with projects focused on social impact in the fintech world.
Ms. Fleury founded the startup with the hopes of becoming the Brazilian equivalent of the American money-sharing platform Venmo. As the company grew, she realized Brazilians are facing a deeper problem than just splitting bills, as nearly one-third of the population over 16 does not have a bank account, according to the Brazilian Institute of Geography and Statistics (IBGE). Din Din made it to the final round of the challenge by providing access to a digital account and debit card for “unbanked” and “underbanked” individuals and businesses. The app and web-based accounts help users build a spending history that would otherwise go undocumented in cash exchanges.
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