Brazil’s Magazine Luiza launches fintech with personal loans and credit cards for businesses

"Fintech Magalu is already one of the ten largest in Brazil and has a high growth potential," says Robson Dantas, company director.

RIO DE JANEIRO, BRAZIL - On May 12, Magazine Luiza (MGLU3) officially launched Fintech Magalu. According to the company, the fintech is already one of the ten largest in Brazil, with more than 16 million unique customers among individuals and companies.

The company highlighted in a statement that the arrival of the Fintech Magalu brand in the market happened together with the launch of two products - the credit card for businesses, focused . . .

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