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Santander Brasil buys real estate marketplace Apê11

RIO DE JANEIRO, BRAZIL - The deal, for an undisclosed amount, involves the purchase of shares and a capital increase and will grant the bank a 90% stake in the startup.

"The digital platform will allow us to accelerate the development of integrated real estate market solutions," said in a statement the director of real estate business at Santander Brasil, Sandro Gamba.

The platform, created in 2018 and focused on the São Paulo capital, presents itself as a marketplace to digitize the process of buying houses and apartments using big data and artificial intelligence to help realtors. Now, it plans . . .

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