UNI FY launches Pix consignado and salary advance with R$150M FIDC

Brazilian fintech UNI FY, with Horizontes Asset, launched Pix Consignado and Pix Salary Advance for municipal workers and formal employees, backed by a R$150 million FIDC. This expands access to lower-rate payroll credit via Pix, potentially increasing credit penetration. The move signals fintech innovation in Brazil's credit market, with implications for financial inclusion and competition.