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OLX Brazil to invest $63.6M

Brazil’s No. 1 horizontal, OLX Brazil, plans to spend BRL 250 million ($63.3 million US) on its local operations in 2019. This represents a 25 percent year-on-year increase, the company said. The company intends to hire 120 product and technology-related...

OLX Brazil offers financing with Itaú bank

OLX Brazil, the nation’s No. 1 horizontal, has teamed up with local bank Itaú Unibanco to offer an auto financing product. The feature is now available to an undisclosed number of users and should soon be open to all customers, the company said in a news...