Shopee gets approval to acquire Blu's credit arm in Brazil

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Shopee gets approval to acquire Blu’s credit arm in Brazil

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Shopee gets approval to acquire Blu’s credit arm in Brazil

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Singapore-based ecommerce platform Shopee has secured a preliminary approval to acquire the credit arm of Brazilian fintech firm Blu, as disclosed in a regulatory filing. The move is part of Shopee’s strategy to directly provide credit to its customers in Brazil.

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