| Founded | 2016 |
|---|---|
| Closed | 2022 |
| Country | Brazil |
| Sector | Fintech |
| Collapse type | Slow Death |
Magnetis
"Brazilian robo-advisor crushed by Brazil's dramatic interest rate hikes that made passive investing uncompetitive."
Years-long decline before final shutdown
Key Events Timeline
Magnetis was built on a low-interest-rate world where automated portfolio management outperformed simple fixed income.
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