Brazil’s Avenue And Softbank Team Up

Brazil’s US Based Securities Firm is Now in Softbank’s Portfolio

Avenue and SoftBank team up in this new fintech cross border deal.

Softbank Latin America Fund injects BRL $150M in Brazilian US-based securities firm Avenue, located in Miami, FL. With this round SoftBank Group International joins Igah, Ventures, of former Brazil’s presidential contender Luciano Huck, to back Avenue’s unique project in making also available to Brazilians individuals and investors an avenue of possibilities to invest directly in the U.S. and in global markets.

Roberto Lee, CEO and founder of Avenue stated in a release to the press that the firm’s Series B will allow significant improvements in the technology infrastructure and provide a leap to expanding its current 300.000 customer base to millions worldwide. Andre Algranti, partner and Chief Business Development Officer of Avenue stated that the new partnership with SoftBank Group International seals a project to provide to worldwide users direct access to global markets in a simple and secure way. For Alex Szapiro, head of Softbank in Brazil, Avenue has built an incredible platform to allow millions to benefit from.

Brazil’s Freitas, Leite e Avvad Advogados and #siliconvalley based Wilson Sonsini Goodrich & Rosati acted as legal counsel to Avenue.

Holland & Knight LLP acted as legal counsel to SoftBank Group International.