Online lending marketplace FinanZero raises US $ 7 million in new round led by Swedish investors to continue expansion in Brazil
With its transparent value proposition, FinanZero enables consumers to choose the loan that best matches their financial needs by comparing multiple offers from a network of 50 lenders in a single search. With an increase in demand for consumer loans amid the Covid-19 pandemic, Finanzero’s credit application volume has grown exponentially in recent months, and FinanZero is now the leading credit market in line in Brazil.
FinanZero was founded in 2016 by Swedish-Brazilian investment firm Webrock Ventures and Swedish entrepreneurs Olle Widén and Kristian jakobsson. In total, FinanZero has raised $ 22.85 million since 2016 and the main shareholders today are Webrock Ventures and VEF.
Comment from Olle Widen, Co-founder and CEO of FinanZero:
“The volume of credit requests on our platform continues to grow exponentially, with an average of 750,000 requests per month generated from our 50+ lending partners. Our mission is to empower Brazilian consumers by providing more transparency through a one-stop-shop for loans, and we’re seeing great traction at a time when digital transition and favorable regulatory changes are taking place. We have raised funds to capitalize on this market opportunity. “
Comment from David nangle, CEO of VEF:
“Supporting more of our portfolio companies and their founding teams, when they generate the kind of growth and value creation that is FinanZero, is one of the easiest decisions we make as investors. Olle and the FinanZero team are at a truly exciting time in their journey and with this additional capital we are very happy that they can continue on their way to becoming the leading credit market in one of the most scalable opportunities. more clear from Brazilian Fintech. “
Founded in 2016, FinanZero is from Brazil leader of the online credit market. The company acts as an independent broker, negotiating with several lending institutions at the same time to find the best loan. Based at São Paulo, FinanZero currently has 52 employees.