Brazilian social commerce marketplace Facily raises $366M in less than a year, now valued at $850M, none of financings previously announced Sales volumes grew 43x from Jan to Sep. Delivered 7 million items in Oct (Meli Q3: 260m items sold/ 87m per month) https://techcrunch.com/..…
@bayareawriter
Mary Ann Azevedo on x
So the ability to make online purchases without having to use a credit or debit card opens the door for many people who previously could not shop online and likely were paying higher costs for the same products in person. https://techcrunch.com/... https://twitter.com/...
@bayareawriter
Mary Ann Azevedo on x
.@facilyapp is said to be raising yet another round which would value the company at over $1B. Its model is interesting because like most of LatAm, Brazilians are largely unbanked or underbanked. https://techcrunch.com/...
@ruima
@ruima on x
Facily, the Pinduoduo $PDD of Brazil is now valued at $850mm. #copyfromchina As entrepreneurs from rest of world and ofc developing countries tell me, their homes often look more like China. Not much to copy from the US bc US is the exception https://techcrunch.com/...
@turnernovak
Turner Novak. on x
Congrats to the Facily team! If you're looking to join an ambitious hyper growth company in LatAm, keep Facily on your radar 🚀 🚀 https://techcrunch.com/...