MIAMI, Fla., May 28, 2020 — CEO Coaching International, the leading firm for coaching growth-focused CEOs and entrepreneurs globally, congratulates client Airfox for joining publicly held Via Varejo, Brazil’s largest retailer serving 60 million customers nationwide. Airfox will continue bringing innovative fintech services to Latin America from its Boston headquarters while leveraging Via Varejo’s infrastructure to accelerate its mission.
Airfox Founder and CEO Victor Santos has been a client of CEO Coaching International for over two years. Airfox aims to be the industry leading digital bank for Brazilians by providing a more innovative and cost-effective mobile banking experience specifically tailored to the needs of the lower socioeconomic classes. Since its founding in 2016, Santos has grown the company rapidly, winning various accolades, including Best Consumer Bank and Best Mobile App in Brazil in World Finance Magazine’s 2019 Digital Banking Awards.
“This acquisition validates Victor’s relentless pursuit of his vision to serve the unbanked in Brazil,” comments CEO Coaching International Managing Director and Santos’ Coach Don Schiavone. “This partnership enables Airfox to take his vision to a whole new level.”
“I’m incredibly proud of what Airfox has accomplished so quickly and forever grateful to our ingenious and dedicated team members for all their hard work,” said Santos. “With Via Varejo’s support, we’ll continue to lead the charge in leveraging today’s technology for tomorrow’s solutions and securing greater financial inclusion for all.”
Seeking to serve Brazil’s enormous population of consumers lacking traditional bank accounts or access to credit, Santos is leading Airfox to meet consumers’ needs now more than ever by providing financial technology solutions that increase users’ ability to social distance. The acquisition will quicken the integration of Airfox’s products into Via Varejo’s supply chain and retail stores.
Founded in 2016, Airfox’s mission is to accelerate financial inclusion. Under the brand name banQi, Airfox developed an affordable, easy-to-use, transparent, and empathic digital financial services hub for underserved Brazilians and their families to manage, save, and build their wealth and financial life. Unlike incumbent banks and other fintechs, banQi is a neobank that provides users with a complete digital banking experience and a physical network of branches in Via Varejo’s trusted retail locations. Users are able to create a free mobile bank account in minutes. To learn more, visit www.airfox.com.
About CEO Coaching International
CEO Coaching International works with the world’s top entrepreneurs, CEOs, and companies to dramatically grow their business, develop their people, and elevate their overall performance. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 500 CEOs and entrepreneurs in more than 25 countries. Every coach at CEO Coaching International is a former CEO or President that has made big happen. The firm’s coaches have led double-digit sales and profit growth in businesses ranging in size from startups to over $1 billion, and many are founders that have led their companies through successful eight and nine figure exits. CEOs and entrepreneurs working with CEO Coaching International for three years or more have experienced an average EBITDA CAGR of 59% during their time as a client, more than five times the national average. For more information, please visit: https://www.ceocoachinginternational.com