Investment

Carrefour Brazil acquires 49% stake in Ewally

LatAm List – Retailer Carrefour Brazil recently announced that it had acquired a 49% stake in local fintech, Ewally, with a deal in place to potentially buy control after three years. Ewally is a Brazilian fintech startup that uses the blockchain to improve financial inclusion in Brazil through online banking services.

This investment will help Carrefour accelerate digital transformation and improve its digital distribution and payments mechanisms.

From Exame:

“This move launches operations in the digital account segment, which is fully aligned with the company’s digitization strategy.”

The amount invested was not disclosed and the deal remains subject to financial regulation.

Read more in Exame.

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