VIVA Finance operates a mobile-first lending platform that underwrites loans primarily on employment history rather than credit score, allowing borrowers with limited credit histories to access affordable credit and build credit through on-time repayment. Loans are serviced automatically through payroll and the company also provides financial education resources to improve borrowers' long-term financial health. Launched in early 2019, VIVA has originated tens of millions of dollars in loans. The company says recent financial performance has been strong: for the just-ended quarter revenue rose more than 800% year-over-year. VIVA plans to use its latest funding to invest in its team, technology, and marketing and to expand its footprint nationwide. Management also intends to advance its proprietary underwriting technology and scale customer acquisition channels. VIVA Finance operates a mobile-first lending platform that underwrites loans primarily on employment information instead of credit history, enabling access to affordable credit for borrowers with limited credit scores. Loans are serviced automatically through payroll to simplify repayment and borrowers can build credit through on-time payments. The company pairs lending with financial education resources aimed at improving long-term borrower financial health. Since launching in early 2019, hundreds of individuals have used VIVA’s loans to refinance expensive debt and cover various needs. With proceeds from its latest round, VIVA plans to grow employer partnerships and expand its footprint throughout the Southeast. The platform emphasizes inclusion by targeting Americans typically marginalized by traditional financial services.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2021