Facio

Facio is a Brazilian fintech company founded in 2019 that specializes in salary advance solutions for employees. The company allows workers to access up to 20% of their earned wages before payday, with repayments automatically deducted on the scheduled payday. This service aims to enhance employee financial wellbeing by providing a responsible alternative to high-interest loans and reducing financial stress. Facio partners with employers across various industries in Brazil, integrating its technology with payroll systems to offer this benefit as part of employee financial wellness programs. The platform automates eligibility checks and payment processing, typically delivering funds instantly or within minutes. Facio's data-driven approach improves credit risk assessment, resulting in a significant reduction in credit risk by analyzing income and spending patterns with employee consent. Headquartered in São Paulo, Facio was founded by Márcio Dos Santos, Saulo Tristao, and Ticiano Vieira. The company has a team of around 36 employees and focuses on providing flexible access to earned income, benefiting both employees and employers.