Oikocredit invests in Brazilian FinTech Avante to support one million micro-entrepreneurs by 2021
Oikocredit welcomes Avante, a Brazilian FinTech that empowers micro-entrepreneurs through financial technology, to its growing FinTech portfolio.
Avante currently offers microcredit and mobile point of sale to micro-entrepreneurs in 1,100 cities across Brazil, with the goal of reaching one million micro-entrepreneurs by 2021. Funding from Oikocredit, together with FiinLab (Gentera Group) and Vox Capital, will help Avante reach this goal.
Bernardo Bonjean, Avante’s Founder and CEO, said: “Avante has always prioritized investors with deep know-how in areas of expertise that are strategic to our business. Oikocredit’s vision of driving social impact through innovation could not be more in tune with what Avante wants to accomplish in the coming years.”