Kavak Boosts its Global Expansion by Investing US$500 Million in Brazil

Kavak Boosts its Global Expansion by Investing US0 Million in Brazil

SÃO PAULO–(BUSINESS WIRE/AETOSWire)-– Kavak, the leading company in pre-owned cars in Latin America, announces the start of its operations in Brazil, with the announcement of a US$500 million investment, as part of its ambitious global expansion plan. “Our business model is growing successfully, due to our ability to formalize the pre-owned car market through data and AI technology, which allows us to streamline the car buying and selling process; reduce the time required for reconditioning as well as the evaluation process for offering our different financing options, thereby managing to…