Nova Renda Extra presented itself as an innovative investment platform that used sophisticated bots to perform cryptocurrency arbitrage, promising investors fixed and high daily returns (often cited around 2%). The company aggressively marketed its services through social media, attracting a significant number of clients in Brazil by guaranteeing substantial profits with low risk. However, its business model and lack of regulatory approval led to investigations and its eventual collapse, with authorities classifying it as an unauthorized and irregular investment scheme.

Founded in

Brazil