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Salary advance to employees in Brazil.
Facio offers salary advance services in Brazil, enabling employees to access a portion of their earned wages before payday. The service emphasizes fast transfers and repayment aligned to the next salary, acting as a payroll-related financial product hosted through a platform connected with direct credit providers.
Users register to discover available salary advance offers based on their identified salary. They select an offer with a fixed fee (no interest or complex charges), receive the money into their account within minutes, and repay when their next salary is paid. Facio positions itself as a payroll-linked service facilitated through a lending/credit pathway via a brokered arrangement with a direct credit entity, with terms shown in a simulator prior to contract.
Who it’s for: Employees with fixed salaries in Brazil seeking short-term liquidity and a simple repayment aligned to their next paycheck.
descriptive mentions of help center, WhatsApp support, and regulatory disclosures; indications of partnerships with QI Tech and a formal credit pathway
AmazonExperienced lead engineer with 15+ years of experience. Wide range of experience in software development, team management, culture builder, and product shipping. Focus on productivity, quality, and innovation. Worked in 3 different countries. Passionate by the engineering side of Machine Learning. Designed TensorFlow experience for AWS SageMaker. Interested in Machine Learning training and serving performance, ML pipelines, TensorFlow, PyTorch, architecture, scale, and AWS.
Saulo is starting a new fintech to help employees afflicted by restricted access to credit. His new venture just closed a seed round and is on its way building a stellar engineering crew. Saulo was Head of Marketing for SumUp Brazil . As the second person on the ground in Brazil, he structured the marketing and product from scratch. He graduated in Aeronautical Engineer and concluded his MBA at Stanford GSB. He was an Eventing Rider and Member of the Brazilian Team at the Beijing Olympics (2008)
I'm a nerd and tech enthusiast-- still build my own rig and discuss physics breakthroughs. After quite a ride helping build SumUp, I now focus my energy rethinking credit availability in Brazil. We're building an original solution to give customers financial peace of mind in times of need. I'm also an engaged AIESEC alumni and hold an Engineering Physics degree from UFSCar.
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