Facio

Salary advance to employees in Brazil.

Y CombinatorWinter 2020ActiveFintechCredit and Lending

What they do

Problem

Employees in Brazil need access to earned wages before payday to cover expenses without relying on expensive credit.

Solution

Facio provides a salary advance product that lets employees access part of their earned salary before the regular payroll date.

Who it's for

Employees in Brazil (typically offered through their employers) use the service to get early access to wages.

Founders

Márcio Dos Santos

Founder

Experienced lead engineer with 15+ years of experience. Wide range of experience in software development, team management, culture builder, and product shipping. Focus on productivity, quality, and innovation. Worked in 3 different countries. Passionate by the engineering side of Machine Learning. Designed TensorFlow experience for AWS SageMaker. Interested in Machine Learning training and serving performance, ML pipelines, TensorFlow, PyTorch, architecture, scale, and AWS.

Saulo Tristao

Founder

Saulo is starting a new fintech to help employees afflicted by restricted access to credit. His new venture just closed a seed round and is on its way building a stellar engineering crew. Saulo was Head of Marketing for SumUp Brazil . As the second person on the ground in Brazil, he structured the marketing and product from scratch. He graduated in Aeronautical Engineer and concluded his MBA at Stanford GSB. He was an Eventing Rider and Member of the Brazilian Team at the Beijing Olympics (2008)

Ticiano Vieira

Founder

I'm a nerd and tech enthusiast-- still build my own rig and discuss physics breakthroughs. After quite a ride helping build SumUp, I now focus my energy rethinking credit availability in Brazil. We're building an original solution to give customers financial peace of mind in times of need. I'm also an engaged AIESEC alumni and hold an Engineering Physics degree from UFSCar.