Manuel de Andrade

Manuel de Andrade

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Manuel de Andrade is the chief executive of Banxso, a financial services provider that recently came under scrutiny by the Financial Sector Conduct Authority (FSCA) for alleged regulatory violations, including misappropriating client funds and involvement in misleading advertising practices. Following the revocation of Banxso's financial services license, de Andrade has publicly stated the company's intention to challenge the FSCA's decision, asserting that they have no connection to unauthorized deepfake ads that misrepresented the company.

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Recent news mentions

Manuel de Andrade is the chief executive of Banxso and has denied any connection to deepfake ads.

Financial watchdog revokes Banxso’s licence – The Mail & Guardian
Mail & Guardian·South AfricaSouth Africa· 2025-07-07
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