Velotax – Making tax refunds painless in Brazil
I live in Portugal, and I will be honest, I still do not fully understand how our tax system really works.
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Most people only think about taxes once a year. Stress, forms, and a long wait for a refund. In Brazil, that refund can be the biggest lump sum a family sees all year.
Velotax, based in São Paulo, started as an app that helps people file their income tax. Today, it is turning tax season into an entry point for better money decisions. The app, downloaded more than three million times, can predict your refund, offer an advance on it, and then use hundreds of data points to see how much credit you can safely handle, not just your old credit score.
What I really like is the bigger picture. If you already have a full view of a person's income, taxes, and refunds, you can do much more than send a tax report. You can help families plan a budget, set aside money for goals, and match any loan to their real ability to repay. In that world, credit stops being a financial drug and becomes a tool for stable, rational growth.
Would you let your tax app help you plan your budget and credit, too, or should those stay separate?
#taxes #financialinclusion #personalfinance #Brazil
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