Total raised
—
Stage
—
Founded
2012
Headcount
6
HQ
Brazil
Sector
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About
Avante helps micro-entrepreneurs across South America by providing them with an advanced suite of financial technology services. Its combination of credit, payments, and digital banking makes it the largest monetary financial institution in Brazil.
After the Israeli acquisition of Sling in 2016, Avante deploys a full-fledged R&D center in Tel Aviv, Israel. The center develops mobile payment solutions for micro-merchants.
In 2021, the center closed.
Company Intelligence Q&A
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- What is Avante's primary business?
- Avante provides financial technology services, including credit, payments, and digital banking, to micro-entrepreneurs across South America. It is described as the largest monetary financial institution in Brazil.
- When did Avante establish a presence in Israel?
- Avante established a presence in Israel in July 2016, following its acquisition of the Israeli startup Sling.
- What was the purpose of Avante's R&D center in Tel Aviv?
- Avante's R&D center in Tel Aviv was established to develop mobile payment solutions specifically for micro-merchants.
- When did Avante cease operations in Israel?
- Avante ceased its operations in Israel in October 2021, at which point its R&D center in Tel Aviv was closed.
- What was the status of Avante as of October 2021?
- As of October 2021, Avante's status in Israel became inactive, as it ceased to operate in the country.
- How many employees did Avante have in Israel?
- Avante had between 1 and 10 employees in Israel, with an exact count of 6.
- What company did Avante acquire in 2016?
- In 2016, Avante acquired the Israeli startup Sling.
- Where is Avante's headquarters located?
- Avante's headquarters is located in São Paulo, State of São Paulo, Brazil.
Tags
transactionsfintechmicrofinancepayments