Brazilian Application GuiaBolso receives R $ 125 million in investment

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Brazilian Application GuiaBolso receives R $ 125 million in investment:

Recently Brazilian financial App, named as GuiaBolso release on October 19 Thursday, and now it raised the landmark of 125 million reais in its 5th largest investment round, led by Vostok Emerging Finance and also have stake in Endeavor Catalyst with existing investors like Ribbit Capital and IFC International Finance Corporation (financial arm of world bank).

Now it reaches more than 3.5 million of users, platform offers financial control assistance service and also planing for online contracting loans.

Company said, the amount which raised in the investment round will be used to offer new products and expand operations on Online credit platform, which is original created in 2016 and it is also a part of the GuiaBolso group.

co-founder of GuiaBolso MR Benjamin Gleason said that “Our goal is to make GuiaBolso more and more an essential application for the consumer to make all financial decisions in one place, be it budget, credit or investments”.

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