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Facio
AddedMar 22, 2024
UpdatedJun 18, 2026
Facio

Facio

Seed

Facio: Digital platform for loans & financial education, boosting business productivity in Brazil.

HQ
São Paulo, São Paulo, BR
Founded
2019
Accelerator
Y Combinator logoY CombinatorW20
Overview
Compare
Fundraising
Employees
Website

Facio, founded in São Paulo, Brazil, is a digital platform designed to streamline loan contracting for the working class and provide financial education. Operating as a banking correspondent under the guidelines of Resolution No. 3,954 from the Central Bank of Brazil, Facio aims to enhance business productivity by 15% and reduce turnover by up to 36%, without charging companies. The platform allows users to advance their salaries quickly and easily, offering immediate deposit options and straightforward transaction fees.

Notable figures associated with Facio include its founding team and key investors who support its mission of financial empowerment. The company has achieved significant milestones, such as improving business productivity and reducing employee turnover rates. Facio's impact is evident in its ability to provide quick financial solutions and education, thereby fostering a more financially literate and stable workforce in Brazil.

Facio - Similar Companies

digiventures logo

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Facio - Quick Facts

Who are Facio's competitors?

Companies similar to Facio include digiventures, Pluggy, Banca.Me and Pantore Pay.

When was Facio founded?

Facio was founded in 2019.

Where is Facio's headquarters located?

Facio's headquarters is located in São Paulo, São Paulo, BR.

When was Facio's last funding round?

Facio's most recent funding round was for $5M (USD) in November 2020.

How much has Facio raised to-date?

As of Nov 18, 2020, Facio has raised a total of $6.5M (USD).

How many employees does Facio have?

Facio has 26 employees as of Feb 24, 2024.

Facio - Classification

Technology
  • FinTech
Geographic Exposure
  • Brazil
Model
  • Platform
Revenue
  • Transactional
Customer
  • Consumers
  • Small Business
Main Product
  • Financial Services
Tags
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions