Tekton Ventures · Nov 2024
Describes Facio as a payroll credit alternative based on open finance and Pix for underserved Brazilians.
Salary advance to employees in Brazil.
Company research
Public company, workplace, funding, and market signals
Overview
Brazilian fintech focused on salary advances and payroll-linked credit for workers in Brazil, with transparent pricing, bank-statement/open-finance underwriting, and add-on financial education/savings features.
Primary product
Antecipação de salário (salary advance) / payroll-linked credit
Founded
2019
Headquarters
Rua Cláudio Soares, 72, Pinheiros, São Paulo, SP 05422-030, Brazil
Team size
51-200
Work style
Remote
Industry
Financial Services
Sub-industry
Fintech / earned wage access / payroll loans
Offices
Rua Cláudio Soares, 72, Pinheiros, São Paulo, SP 05422-030, Brazil
Business model
B2B2C
salary-advance transaction fees
payroll-linked credit
financial education and savings tools
Funding
Stage
Series A
Total raised
$17.6M
Latest round
Series A · Aug 2024
Latest amount
$11.1M
People & investors
Leadership
Co-Founder & CEO
Co-Founder & CTO
Co-Founder
Work & culture
Public materials emphasize transparency, simplicity, speed, and practical problem-solving. The company describes itself as a team that builds products quickly and effectively, with an innovation- and productivity-oriented culture.
Work style
Remote
Product & market
Pricing
Per-transaction salary-advance fee, with fees starting at R$ 9,90 and pricing disclosed upfront; repayment is automatically collected on payday.
Differentiators
- —No fixed salary required; eligibility can use bank account data/income analysis
- —Transparent pricing with no advance deposit requested
- —Fast digital flow, with credit analysis in minutes and payout in up to 2 business days
- —No cost to the employer for the employee benefit
- —Includes financial education and savings features alongside credit
Technology
Open Finance
Pix
bank-statement analysis
automated credit scoring
AWS
AWS Lambda
Python
JavaScript
TypeScript
Dart
iOS app
Android app
Customers
Brazilian workers/employees
Employees at partner companies
Employers offering a no-cost employee financial benefit
Competitors
Paketa
Gibb
Ole Consignado
ConsigaMais
Linxe
Blipay
Scale & contact
Estimated revenue
under $1M
Estimated monthly visits
4M
Traffic estimate as of Jun 2026
Latest news
CB Insights · Aug 2024
Reports Facio’s latest funding as a Series A of about $11.05M led by Monashees and total funding of about $17.9M.
LAVCA · Nov 2020
Summarizes the seed round and investor syndicate supporting Facio’s payroll advances and financial education platform.
Crunchbase News · Nov 2020
Covers Facio’s $5M seed round led by Monashees and ONEVC, plus participation from Y Combinator-associated angels.
Valor Econômico · Feb 2020
Introduces Facio as a fintech for employee credit and savings founded by ex-SumUp operators.
Jobs and careers at Facio
0 jobs at Facio
No open positions
Check back later for new openings