Finnu is a fintech founded by Piotr Godzinski, Julian May and Ruchali Dodderi with its first headquarters in Barcelona and its technology managed from India. The company evolved from a hybrid model that physically held customers' devices as collateral using logistics partners like iVoy to a fully digital approach that retains administrative control of devices instead of transporting them. By avoiding collection and storage of phones, Finnu says it can charge up to eight times less than competitors such as Kueski or Branch. Its core product is a lending solution tailored to Latin American customers who struggle to access credit from traditional banks. Finnu planned to launch in Mexico in August 2020 and to expand to Colombia once it establishes itself. The company operates in the financial services sector and targets markets across Latin America rather than Europe or Asia.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2020