SKY Brasil parent launches fintech targeting suppliers with $178 million investment

- SKY Brasil's parent company will launch a fintech in the South American nation initially targeting small businesses that work with the telecommunications firm, with a 1 billion real investment over the next two years, the groups said on Thursday.

Skx already has 50 SKY partners on board, said Dario Werthein, a Grupo Werthein shareholder and chair of Vrio Corp, which controls SKY Brasil and DirecTV in Latin America. In June, Vrio agreed a deal with Amazon to bring satellite internet to seven South American countries, which Werthein said was a potential boon for skx.

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