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Factoring is a short-term company loan where manufacturers offer their invoices to a party that is third

Factoring is a short-term company loan where manufacturers offer their invoices to a party that is third

The increase of neobanks

In Brazil, customers spend on average 190per cent interest per 12 months for customer loans and bank cards. Taking a look at that statistic, it becomes clear why over 25 million Brazilians have sent applications for Nubank ’s on the web, branchless charge card which has had interest levels only 35% . Nubank, created by David Velez , Cristina Junqueira , and, Edward Wible recently debuted a debit choice that enables clients to withdraw straight from ATMs utilizing the software. Neobanks like Nubank are appearing across Latin America to give you customer-friendly financing and banking choices without all of the red tape.