FinanZero , a Swedish-owned fintech that operates as an online loan finder to find personal credit with partner financial institutions, announced the raising of R $ 40 million with the participation of the funds Swedish VEF, Dunross & Co and Atlant Fonder and other investors.
“The volume of credit requests on our platform continues to grow exponentially with an average of 750 thousand monthly requests that are received and analyzed by more than 50 partner institutions. The credit market has already felt a resumption since the second half of 2020 and we needed to greater capital support to take FinanZero to a new level. We will invest in acquiring customers, developing products and hiring talent “, says Olle Widén, CEO of FinanZero.
“Returning to financially support companies in our portfolio and their founders when they are delivering FinanZero’s growth level is a much easier decision for us, investors. Olle and the FinanZero team are at a time of accelerating the journey and with this capital additional we are confident that they can continue their path to consolidate themselves as the leading credit marketplace in one of the segments with clear opportunities for scalability in the Brazilian fintech ecosystem “, adds David Nangle , CEO of VEF.
Founded in 2016 by Webrock Ventures, Zentro Global Partners and the entrepreneur Olle Widén, FinanZero received its first VEF contribution this year, the first ever made by the fund in Brazil, initiating its expansion plan in the fast-moving fintech market Brazilian. Including this new contribution, a total of US $ 22.85 million has already been invested in FinanZero.
“We are democratizing access to the credit market and including new consumers in the financial system that were previously unable to obtain approval due to the lack of information and profile analysis. We were able to expand the supply of resources to borrowers through the use of sophisticated algorithms that guarantee greater security to institutions when deciding whether to grant or refuse the loan “, concludes Widén.
FinanZero has some of the best rates on the market and is able to compare various loan offers. The entire service is free for those who apply for the loan.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.