BX Blue: Pioneering Open Banking and Transforming Brazilian Fintech

BX Blue is an impressive Brazilian fintech company with a remarkable five-year history filled with significant milestones. In 2017, the company received valuable acceleration support from Startup Farm’s Ahead Visa, one of Latin America’s largest accelerators, and Y Combinator, the renowned Silicon Valley accelerator that has nurtured companies like Airbnb, Dropbox, and Stripe.

2018 marked a pivotal moment for BX Blue

as it became a trailblazer in the Open Banking landscape in Brazil. BXBlue achieved a significant milestone by becoming the first company to create a transactional API with Banco do Brasil. This achievement positioned BXBlue as a reference in the country’s emerging Open Banking ecosystem.

In 2019, BX Blue continued its growth by onboarding more banks onto its platform, including Daycoval, Cetelem, and Banco de Brasília, further expanding its reach and accessibility to financial products for its users.

The year 2020 witnessed another milestone for BXBlue

when the company successfully completed a new round of investments, securing R$38 million reais in funding. This financial boost enabled BX Blue to focus on product development and team expansion, solidifying its position as a key player in the Brazilian fintech sector.

BXBlue’s rapid growth is evident in its increasing number of partner banks, with new institutions coming on board every month. With more than 1.8 million users already benefiting from the platform’s seamless payroll loan application process, BX Blue has made substantial strides. However, the company remains ambitious, with plans to reach over 50 million people in the future. This commitment to reaching a broader audience underscores BX Blue’s determination to continue revolutionizing the way Brazilians access and apply for financial products, all while prioritizing simplicity and efficiency. As the company’s journey continues, it will be fascinating to see how it continues to shape the financial landscape in Brazil.

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