“Our first product was a reinvention of the voucher that by Brazilian labor law, was something of a mandatory benefit for all companies to give as part of compensation...there are four traditional incumbents, owned by the banks, that held 95% of the market with very outdated products and fat margins, and exploitation all over," said Ricardo Salem, founder and CEO.

https://techcrunch.com/2021/07/09/brazilian-hr-startup-flash-raises-22m-in-a-tiger-global-led-series-b-round-of-funding/