SuperSim offers micro‑personal loans aimed at financial inclusion for Brazil’s sub‑banked (classes C and D), using technology and an efficient risk system that can approve borrowers with negative credit records. Loans currently range from R$250 to R$2,500, with rates positioned competitively versus major credit cards and declining for borrowers who prove repayment capacity. The company uses the borrower’s mobile phone as a form of guarantee for many approvals and reached a record of more than 5,000 loans granted in a single day. Management says SuperSim achieved profitability two years after founding and now employs over 150 people. The firm targets roughly 10% of Brazil’s non‑prime consumer credit market (about 1% of the total personal‑loan market) and plans to scale further. SuperSim offers online microloans, including loans secured by customers' smartphones and unsecured loans ranging from R$250 to R$2,500. The company serves hundreds of thousands of monthly loan requests that convert into thousands of loans, and it targets financially underserved customers. SuperSim has formed strategic partnerships (including AME Digital) and runs pilots with other national-scale companies to expand distribution. Management projects very rapid growth—forecasting a 1,200% increase in 2021 versus 2020—which the company says validates its product-market fit. The business uses data and technology to underwrite higher-risk borrowers and aims to increase financial inclusion through microcredit. SuperSim began operations in 2019. SuperSim offers 100% online microcredit loans in Brazil, with ticket sizes ranging from R$500 to R$2,500 and a focus on financially excluded or negatively scored customers. The company uses a proprietary AI system that crosses more than 1,000 internal and external data points to assess fraud, payment capacity and willingness to pay. This year it launched a product that uses the customer’s mobile phone as collateral to help control default risk and expand acceptance rates. SuperSim says each loan builds a customer history that can lower risk over time and enable better rates and longer terms, while maintaining concern for overindebtedness. The fintech reports rapid growth in demand—loan volume in June quadrupled versus April—and attributes acceleration to pandemic-driven need for microcredit. SuperSim began operations in September 2019 and positions itself on a mission of practical financial inclusion for Brazilians underserved by traditional finance.

Total raised

$36M

Funding rounds

3

Latest round

Series A

Latest activity

Jan 2022