BRL

BingX Rides the Bullish Market Wave with Global Expansion and Record-Breaking Performances

Retrieved on: 
Tuesday, April 2, 2024
Growth, Sport, BRL, Partnership, MANTA, WEN, The Rev, Chelsea F.C., Bartell Drugs, Cryptocurrency

The company has delineated a series of accomplishments signifying its robust growth, market penetration, and heightened operational performance.

Key Points: 
  • The company has delineated a series of accomplishments signifying its robust growth, market penetration, and heightened operational performance.
  • Notably, the price of BOME recorded an extraordinary surge of 4,384.62% on BingX, marking the highest gain across all exchanges.
  • Expansion into Latin America: In line with its strategic global expansion, BingX marked its entry into Latin America by launching operations in Brazil in March 2024.
  • As we keep our focus on worldwide expansion and capitalizing on the bullish market dynamics, BingX is dedicated to offering unmatched trading experiences and opportunities to our global community," said Vivien Lin, Chief Product Officer of BingX.

Latin America Gift Card and Incentive Card Market Intelligence 2024: Global Providers have Continued to Increase their Investments in Brazil

Retrieved on: 
Monday, March 25, 2024
Consumer, Growth, BRL, Partnership, Internet, CoDi, Jewellery, Vivara, Online shopping

Gift card industry in Latin America is expected to grow by 10.9% on annual basis to reach US$14.3 billion in 2024.

Key Points: 
  • Gift card industry in Latin America is expected to grow by 10.9% on annual basis to reach US$14.3 billion in 2024.
  • Gift card market in the region will increase from US$12.9 billion in 2023 to reach US$20.2 billion by 2028.
  • The gift card market is expected to record steady growth over the medium term in Latin America.
  • The industry will also receive growth support from gift card giveaway campaigns in Latin America.

Global Leading Crypto Exchange BingX Makes Move Into Latin American Fiat-to-Crypto Payments

Retrieved on: 
Tuesday, March 19, 2024
Fiat, USDT, Central Bank of Brazil, Growth, BRL, Cryptocurrency

By enabling deposits and withdrawals in BRL, BingX simplifies the process of acquiring cryptocurrencies while ensuring a secure and seamless experience for all its users.

Key Points: 
  • By enabling deposits and withdrawals in BRL, BingX simplifies the process of acquiring cryptocurrencies while ensuring a secure and seamless experience for all its users.
  • "We're excited to bring BingX's user-centric services to Brazil, marking the first step in our journey to expand across Latin America.
  • In celebration of this important development, BingX is rolling out an exclusive promotion to reward its first Brazilian users.
  • This enhancement is expected to significantly improve user experience, streamline the process of buying and selling cryptocurrencies, and make BingX a go-to platform for crypto enthusiasts in Brazil.

Global Leading Crypto Exchange BingX Makes Move Into Latin American Fiat-to-Crypto Payments

Retrieved on: 
Tuesday, March 19, 2024
Fiat, USDT, Central Bank of Brazil, Growth, BRL, Cryptocurrency

By enabling deposits and withdrawals in BRL, BingX simplifies the process of acquiring cryptocurrencies while ensuring a secure and seamless experience for all its users.

Key Points: 
  • By enabling deposits and withdrawals in BRL, BingX simplifies the process of acquiring cryptocurrencies while ensuring a secure and seamless experience for all its users.
  • "We're excited to bring BingX's user-centric services to Brazil, marking the first step in our journey to expand across Latin America.
  • In celebration of this important development, BingX is rolling out an exclusive promotion to reward its first Brazilian users.
  • This enhancement is expected to significantly improve user experience, streamline the process of buying and selling cryptocurrencies, and make BingX a go-to platform for crypto enthusiasts in Brazil.

Another quarter of improved margins driving turnaround on profitability at Natura &Co

Retrieved on: 
Tuesday, March 12, 2024
Growth, BRL, Business, ADR, Sale, Quality of life, Woman, Yoy, Investment, The Body Shop, Second wave, USD, Consultant

SÃO PAULO, March 12, 2024 /PRNewswire/ -- Natura &Co's (B3:NTCO3) 2023 financial results, released today, reflect the benefits of a strategy defined and implemented 18 months ago, to prioritize profitability and cash conversion versus revenue growth, integrate the Natura and Avon brands in Latin America, and divest non-core assets to deleverage and simplify its corporate structure.

Key Points: 
  • At the same time, both brands saw improvements in the expense structure while noting the transformational savings recorded at Avon International.
  • Adjusted EBITDA reached BRL 2,7 billion, and adjusted EBITDA margin expanded 310 bps YoY, showing growth versus prior year in every quarter.
  • Recognizing Natura &Co's social achievements, the Company is proud to have reached its goal of providing a living wage for all employees across Natura &Co.
  • Margins and cash remain as priorities in the short term, paving the way for further investments in brands and technology.

Another quarter of improved margins driving turnaround on profitability at Natura &Co

Retrieved on: 
Tuesday, March 12, 2024
Growth, BRL, Business, ADR, Sale, Quality of life, Woman, Yoy, Investment, The Body Shop, Second wave, USD, Consultant

SÃO PAULO, March 12, 2024 /PRNewswire/ -- Natura &Co's (B3:NTCO3) 2023 financial results, released today, reflect the benefits of a strategy defined and implemented 18 months ago, to prioritize profitability and cash conversion versus revenue growth, integrate the Natura and Avon brands in Latin America, and divest non-core assets to deleverage and simplify its corporate structure.

Key Points: 
  • At the same time, both brands saw improvements in the expense structure while noting the transformational savings recorded at Avon International.
  • Adjusted EBITDA reached BRL 2,7 billion, and adjusted EBITDA margin expanded 310 bps YoY, showing growth versus prior year in every quarter.
  • Recognizing Natura &Co's social achievements, the Company is proud to have reached its goal of providing a living wage for all employees across Natura &Co.
  • Margins and cash remain as priorities in the short term, paving the way for further investments in brands and technology.

Blackhawk Network (BHN) Partners with Roblox to Expand Launch of Digital Gift Cards

Retrieved on: 
Wednesday, February 14, 2024
Software, Technology, Digital Cash Management, Digital Assets, Payments, Roblox, USD, CFH, BRL, JPY, CHF, Communication, Blackhawk Network Holdings, CAD, Creativity, GBP, BHN, Online shopping

Leading branded payments provider, Blackhawk Network (BHN), has partnered with Roblox, a global immersive platform for communication and connection, to offer Austrian (EUR), Belgian (EUR), Swiss Franc (CFH), and Brazilian Real (BRL) digital gift cards on Roblox’s gift card site, Roblox.com/giftcards .

Key Points: 
  • Leading branded payments provider, Blackhawk Network (BHN), has partnered with Roblox, a global immersive platform for communication and connection, to offer Austrian (EUR), Belgian (EUR), Swiss Franc (CFH), and Brazilian Real (BRL) digital gift cards on Roblox’s gift card site, Roblox.com/giftcards .
  • Consumers in each respective country can now purchase Roblox digital gift cards in their local currencies.
  • Roblox digital gift cards enable users to purchase Robux, the platform’s virtual currency, which is used to acquire digital items and accessories for an enhanced and more personalized experience.
  • This expansion follows the November 2023 announcement from BHN that consumers throughout Japan can now purchase digital Roblox gift cards .

Zenvia Announces Agreements to Address Funding Gap and Introduces EBITDA Guidance for 2024

Retrieved on: 
Tuesday, February 6, 2024
CX, BRL, Software as a service, Security (finance)

(i)  agreements with banks for extension of short-term debt, in the total outstanding amount of approximately BRL 100 million (one hundred million Brazilian reais).

Key Points: 
  • (i)  agreements with banks for extension of short-term debt, in the total outstanding amount of approximately BRL 100 million (one hundred million Brazilian reais).
  • Combined with this announcement, the company is also introducing its EBITDA guidance for 2024, with a range between BRL 120 million and BRL 140 million.
  • These transactions will allow Zenvia to better align its balance sheet with its current business needs," said Shay Chor, Zenvia's Chief Financial Officer.
  • We appreciate the support of our lenders and partners, who share in our long-term strategy."

GameChange Solar Opens Solar Tracker Factory in Brazil

Retrieved on: 
Tuesday, January 23, 2024
Brazilian Development Bank, International, GCS, Investment, BNDES, BRL, Plant, Certification, Renewable energy

NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.

Key Points: 
  • NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.
  • Opening our new factory in Brazil demonstrates GameChange Solar's commitment to the Brazilian solar economy.
  • "Opening our new factory in Brazil demonstrates GameChange Solar's commitment to the Brazilian solar economy," said Vikas Bansal, International President at GameChange Solar.
  • Ion Accosta, Operations Director & Head of Brazil at GameChange Solar, added "Having the factory and service center in addition to our business headquarters in São Paolo is such a great step for us in Brazil.

GameChange Solar Opens Solar Tracker Factory in Brazil

Retrieved on: 
Tuesday, January 23, 2024
Brazilian Development Bank, International, Feira de Santana, GCS, Investment, BNDES, BRL, Plant, Certification, Renewable energy

NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.

Key Points: 
  • NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.
  • "Opening our new factory in Brazil demonstrates GameChange Solar's commitment to the Brazilian solar economy," said Vikas Bansal, International President at GameChange Solar.
  • "As a global leader and supplier of solar tracker technology, we are thrilled to be operational, FINAME-compliant, and providing high-quality solar jobs in one of the fastest-growing solar markets in the world.
  • Ion Accosta, Operations Director & Head of Brazil at GameChange Solar, added "Having the factory and service center in addition to our business headquarters in São Paolo is such a great step for us in Brazil.