Angel Invest Boston

Accredited Investor? Check Out Our Syndicates: Link to Syndicate Page DACA recipient, Berkeley grad, and a Googler, Victor Santos is not a typical startup founder. His Boston-based startup, Airfox is addressing a huge problem: access to affordable financing in Latin America. Through a partnership with one of Brazil’s leading retail lenders, Airfox is able to gather data that enables lower-cost lending in a country where consumers routinely pay interest rates of 400% per annum. Highlights from the interview include: Airfox seeks to accelerate financial inclusion in developing markets. Focus for next three years is Brazil. Imagine your neighborhood bank being a payday lender; 50% of population use only cash. Airfox mobile app acts as free banking simplifying user’s life. As data builds on app, Airfox creates an alternative credit profile and user can take micro loans. Scalable sub-prime lending at more affordable rates. Via Varejo, Brazil’s biggest retailer to low-income people, with 1,000 stores gives Airfox