Douglas Schossler

Andy Sieg, Head of Wealth at Citi, gave an interview to Valor Econômico during his visit to Brazil. Sieg highlighted the significant growth in the segment's profit, more than 100 times compared to 2023, in addition to the expansion of the client base and the increase in assets under management. He also emphasized how AI is strengthening the work of bankers and advisors in the area and recognized Brazilian clients as "among the most sophisticated in the world," especially in the fixed income and foreign exchange markets. Read more about the forces driving this performance and the vision for the future of global wealth management: https://on.citi/48PyGOU

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We’re pleased to announce that we secured agreements with BNDESPAR, Embraer and other institutional investors for a US$230 million equity capital raise via a registered direct offering. This transaction also initiates our dual listing in the United States and Brazil with the subscription of Brazilian Depositary Receipts (BDRs) by BNDES.   “Eve’s dual listing in the United States and Brazil is aligned with our continuous effort to diversify our investor base, bringing new stockholders from different locations,” said our CFO, Eduardo Siffert Couto.   In addition, our CEO, Johann C. Bordais, commented: “This equity raise marks a significant milestone in our journey. It supports our vision and fuels our mission to transform urban mobility. We’re proud to have BNDES onboard and we deeply value Embraer’s continued commitment to Eve and our program.”   Read the news: https://lnkd.in/e2-5gxe5 #EveAirMobility #MobilityReimagined #UAM #eVTOL #BNDES

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OCN in Brazil! 🚀 Backed by Caravela Capital, the Mexican auto-leasing fintech has announced its expansion into the Brazilian ride-hailing market, entering the competitive landscape. Launching in São Paulo during the first quarter of next year with a fleet of BYD vehicles, OCN is set to partner with Uber and 99. The company’s goal is to have 3,000 cars on the streets of São Paulo within the first 18 months of operations. OCN is making it easier for drivers to access electric vehicles through a subscription model with no deposit, guarantor, or bureaucracy. Approval takes up to 20 minutes, and the package includes maintenance, insurance, fees, and even a home charger. According to the company, this solution can boost drivers’ income by up to 10x, cutting fuel costs while increasing profitability on mobility platforms. The company currently operates five thousand vehicles in Mexico and, backed by a US$150 million investment, aims to triple its fleet by the end of 2026. This expansion not only intensifies competition in urban mobility but also opens the door to new opportunities and innovation in the sector. We’re excited for what’s ahead! Mairon Sandoval https://lnkd.in/dk43S9N5

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iFood Enters Brazil's MVNO Market Brazil’s leading food delivery platform, iFood, has officially entered the mobile market by launching its own branded mobile service in partnership with the mobile virtual network aggregator (#MVNA) and enabler (#MVNE) Surf Telecom. The initiative highlights the growing role of Mobile Virtual Network Operators (#MVNO) in creating customized solutions for specific segments — in this case, the 600,000 delivery workers who power iFood’s logistics network. The service, branded as the iFood SIM, will be available both as a physical SIM card and as an eSIM. It has been tailored to the daily connectivity needs of couriers, offering data packages with unlimited access to key applications such as WhatsApp, Waze, and the iFood app itself. By exempting work-related usage from data limits, the platform aims to reduce costs for delivery professionals, who depend heavily on mobile internet to complete their routes. The launch is structured in phases. Initially, iFood’s Super Diamond couriers will receive free access to a 20GB plan. Next month, workers in the Gold category will be able to subscribe for R$25 (about USD $5) per month, receiving 15GB data with the same app-based perks. By November, the plan will be extended to all active couriers on the platform. For Surf Telecom, which operates as an MVNA, MVNE, MVNO and MNO, the partnership represents an expansion of its role in Brazil’s mobile ecosystem. The company is leveraging its own spectrum assets in São Paulo and Rio de Janeiro, while also relying on the nationwide infrastructure of TIM, one of Brazil’s largest mobile operators. The iFood SIM will be supported on both 4G and 5G. According to Surf Telecom CEO Yon Moreira, the partnership has been in development for more than a year and is now set to become one of the operator’s flagship projects. “We expect to reach the vast majority of delivery workers in a short period of time,” he said in an interview with Teletime. “We are treating iFood as a partner of the first magnitude. The last thing a delivery worker wants is to worry about their phone. We will ensure connectivity works seamlessly.” For iFood, the initiative strengthens its benefits package for couriers, while also locking in loyalty through an essential service. This move by iFood is not unprecedented in the Brazilian market. In fact, it follows a similar playbook successfully established by its competitor, Uber, which also runs an MVNO specifically for its own gig workers in the country. Uber launched its MVNO, branded as Uber SIM (or Uber Chip), in partnership with the very same MVNA/MVNE, Surf Telecom, back in January 2021. https://lnkd.in/gBPue4Zr

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