aable founds local entity in Brazil

To support its business growth in Latin America, aable has incorporated a local entity in Brazil. Incorporated in the country’s economic powerhouse of Sao Paulo, Abra Ltd. will enable aable to engage in business activities without the complexities of cross-border contracts or financial transactions.

“The foundation of a local company speaks of our confidence in the Brazilian Fintech scene” explains aable’s Silvan Roth. “Brazilian consumers face a shortfall in affordable and fair lending offers. Established banks seem terribly out of touch, charging outraging interest rates to consumers. We’ve identified plenty of opportunities to get the aable technology to work for the benefit of both consumers and our partners.”