Victor Santos, an immigrant from Brazil and co-founder of the finance app Airfox, faces uncertainty about his status in the United States under President Donald Trump’s administration.
At the age of 12, originally on a business trip with his parents, Santos arrived in the United States. His family stayed in San Francisco and Santos eventually attended the University of California, Berkeley.
After graduating in 2013, Santos worked at Google for one year, where he found his future Airfox business partner, Sara Choi. Under the TechStars program, which aims to help entrepreneurs launch their companies, Santos moved AirFox from California to Boston, Mass. in 2015.
The idea for Airfox, which helps extend critical financial services to billions of unbanked and underbanked people in emerging markets around the globe, stemmed from Santos’ experience as a Deferred Action for Childhood Arrivals (DACA) recipient. He said he wanted to help under-served populations.
“My co-founder and I are both extremely passionate about bringing financial inclusion and doing something good for the world instead of just making profits,” said Santos. “We wanted to start a start-up that provided something valuable to many users.”
Due to his work with Airfox, Santos was named in Forbes magazine’s “30 Under 30” list for social entrepreneurs. AirFox has provided jobs for a number of people in the Massachusetts area and recently held a $15-million ICO for a total funding of $16.5 million, according to Forbes.
An ICO is an initial coin offering, a newer crowdfunding method in the Blockchain and cryptocurrency industries.