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The used car buying and selling company raised $ 700 million to reach a valuation of 8.7 billion.
Fernando Scasserra, former director of engineering at Mercado Libre, joins the company to lead this team of programmers.
The bank collaborates with more than 20 entrepreneurs to give a series of master classes to improve technological talent.
Kavak estimates that he will buy more than 100,000 cars and sell more than 50,000 units in the Brazilian market by the end of 2022.
Latin America is experiencing a boom in technological entrepreneurship.
The national goalkeeper applied to join Kavak only in exchange for shares in the company.
Driver members will be able to buy a car with a zero percent down payment.
Four years after its founding, the pre-owned vehicle buying and selling platform surpassed the value of one billion dollars thanks to its most recent round of capital investment in September 2020.
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At an age where many people are hoping for career stability, David Ripert took a huge leap into the augmented reality space.