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Brazil's Americanas fintech Ame acquires one more fintech: P2P lender Nexoos

In its third acquisition in four months, Ame expands operations in banking solutions

Photo: Ame/Courtesy
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  • Nexoos’ platform operates with proprietary technology, including a credit scoring system;
  • Ame will start operating on new fronts operated by Nexoos, such as CaaS (Credit as a Service).

Brazil‘s fintech Ame Digital, the fintech and mobile business platform of the Brazilian retailer Lojas Americanas and B2W, announced on Monday the acquisition of Nexoos, a fintech that connects small and
medium-sized businesses with investors.

Nexoos is allowed by the Brazilian Central Bank to operate as a peer-to-peer loan company, enabling a hybrid funding structure, through institutional investors and individuals. It also provides a digital credit platform, including different types of loans and CaaS (Credit as a Service).

READ ALSO: Brazil’s B2W and Lojas Americanas approve proposed merger of operations and target listing in the U.S.

Nexoos’ platform operates with proprietary technology, including a credit scoring system, which integrated with the hybrid funding model, allows for the offering of differentiated credit solutions. According to Ame’s notice fact, the acquisition is in line with Ame’s business plan, making it possible to accelerate its development and maximize business fronts. It is still premature to estimate its effects on the results of Americanas and B2W.

With more than 60,000 investors between individuals and institutions, Nexoos allows entrepreneurs to invest in the growth of their businesses.

Now, alongside the open banking platform BIT Capital and Parati Crédito Financiamento e Investimento (Bank as a Service), acquired in December 2020, the acquisition of Nexoos accelerates Ame’s business plan, expanding its offer of credit and banking services, and further enhancing Americanas’ business strategy as a technological innovation platform.

READ ALSO: Brazil’s Lojas Americanas acquires 70% of retail group Uni.co, which was planning an IPO

In addition, Ame starts operating on new fronts operated by Nexoos, such as CaaS (Credit as a Service). This type of financing for the production chain enables companies to offer digital credit solutions with interest, terms, and customized payment terms for their customers, suppliers, and intermediaries. The solution is used in companies in different segments such as retail, industry, agribusiness.

The deal is pending on an approval by the Brazilian Central Bank.

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