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Santander bank looking to buy two automotive startups in Brazil

RIO DE JANEIRO, BRAZIL - The Santander Group intends to buy two companies in the automotive sector: Solution4Fleet, which specializes in car rental and subscription; and Car10, a marketplace for over 8,000 repair shops, body repair and sanitation services.

If approved by regulatory authorities, the deals will serve the financing division and Webmotors, respectively.

"Solution4Fleet's entrance into our ecosystem will enable us to join the growing car rental and subscription market. With our investments and technology we will amplify our solutions offer and tailor it to the needs of interested brands, dealers and fleet managers," says director of Santander . . .

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