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Facio raises $5m in Seed funding

Brazil based startup offering salary-advance services as well as online financial education raised $5m in Seed funding led by Monashees and ONEVC. 

“We started Facio because I saw the problem firsthand, even at SumUp,” Tristão told Crunchbase News. “The low-salaried population is so large, and we saw the differences in the great resources in the U.S. and wanted to provide early access to salaries.”

Tags

emerging markets, payroll, salary advance, banking