Facio: Facio Raises USD 5M Seed

Brazilian fintech startup Facio is developing a financial education platform that not only offers free lectures and courses, but also salary-advance services. Monashees and ONEVC led the $5 million seed round for Facio and was joined by a group of strategic angel investors including Igor Marchesini of SumUp, Gabriel Braga from QuintoAndar and Michael Seibel, CEO of accelerator Y Combinator. Facio’s total funding to date is approximately $6.9 million, which includes an angel round in 2019.