‘We stand and we resist’ says head of Brazil’s first LGBT+ bank


The head of Brazil’s first bank for gay and trans people said on Thursday that he aimed to tap into an overlooked market, combat prejudice and support social issues that matter to LGBT+ people. Marcio Orlandi Jr., chief executive of Pride Bank, which launched in beta testing mode this week, said other banks were failing to cater to an important segment of the economy. “There are so many capable people that could be making money, and making the economy greater but they’re not doing it,” Orlandi Jr. told the Thomson Reuters Foundation, adding the bank may add health insurance and travel agency services in future. “We want to make sure that this bank is not just another bank, but a bank that really looks to its community … Making sure that we stand and we resist is really important.” A growing number of businesses are targeting LGBT+ customers as evidence emerges that discrimination costs billions. LGBT-friendly Superbia Credit Union is set to launch in the United States next year after winning approval from Michigan state.

Regions: ,

Share this:

Latest Global News

Added on: 07/23/2024
LGBTQ+ groups are disappointed with President Ferdinand Marcos Jr.’s third State of the Nation Address (SONA) as he did not mention equal rights as …
Added on: 07/23/2024
The Biden administration wants the US Supreme Court to step in and limit lower court orders that fully blocked it from extending protections against …
Added on: 07/23/2024
In Lilongwe, Malawi, 24-year-old Cleo Jones recalls feeling more comfortable around girls than boys during childhood. Jones came out as queer and nonbinary at …

Explore LGBTQ+ Issues

Other News from ,

Added on: 07/07/2024
It was an attack that sent shockwaves through a country long considered a pioneer in LGBTQ rights. In the early hours of May 6, …
Added on: 07/04/2024
In the face of Cameroon‘s criminalization of LGBTQ+ relationships, the daughter of the nation’s president has come out. Brenda Biya, daughter of President Paul Biya, revealed in …
Added on: 06/30/2024
“Visibility” is a word that permeates the history of the LGBTQIA+ struggle in Brazil. Not even during the most violent and authoritarian times—such as …