SoftBank Latin America Fund led a $115m funding round in Open Co.

SoftBank Latin America Fund, a technology investment fund, led a $115m funding round in Open Co, a technology investment fund, with participation from Raiz Investimentos, IFC and LTS. “Access to good quality credit at the point and time of need is the single most important obstacle for Brazilians to achieve financial wellness, increase consumption and create wealth. It’s a huge market that is still controlled by incumbents charging extremely high interest rates, which makes it difficult for people to pay back their loans. It is a vicious cycle; delinquencies are high and interest rates even higher. Our mission is to change that," Sandro Reiss, Open Co Co-Founder.