Santander Brasil buys real estate marketplace Apê11

Santander Brasil (SANB11) on Wednesday announced the purchase of online real estate company Apê11, expanding its focus on the real estate financing segment.

RIO DE JANEIRO, BRAZIL - The deal, for an undisclosed amount, involves the purchase of shares and a capital increase and will grant the bank a 90% stake in the startup.

"The digital platform will allow us to accelerate the development of integrated real estate market solutions," said in a statement the director of real estate business at Santander Brasil, Sandro Gamba.

The platform, created in 2018 and focused on the São Paulo capital, presents itself as a marketplace to digitize the process of buying houses and apartments using big data and artificial intelligence to help realtors. Now, it plans . . .

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