The Mexican startup Kavak enters Brazil with an investment of 500 million dollars
The Mexican unicorn Kavak announced the start of its operations in Brazil with an investment of more than 500 million dollars.
“Our business model is growing fast, due to our ability to formalize the pre-owned car market through data technology and artificial intelligence, which allows us to streamline the car buying and selling process; reduce reconditioning time and evaluate the different financing options, in addition to eradicating fraud risks by eliminating dealing with third parties and granting guarantees in a sector that registers various types of crimes due to informality in transactions ”, stated Carlos García Ottati , CEO of the company for the sale and purchase of pre-owned cars.
Via Entrepreneur