Brazilian long term rentals service QuintoAndar raises $64M Series C

There’s quite a bit wrong with real estate in Brazil, according to QuintoAndar founder and CEO Gabriel Braga. Those seeking long term rentals in big Brazilian cities like São Paulo and Rio de Janeiro are throttled by bureaucratic policies that enforce outrageously expensive deposits, the requirement of local cosigners and sky-high insurance fees. On the supply side, amateur landlords are tunnel visioned on making money from transactions, creating a low quality of service and many wa