• FinanZero

  Participated · Series A · Apr 2018

  FinanZero is a fintech marketplace that intermediates consumer credit by aggregating offers from up to 72 partner institutions. The company’s core product today is personal credit, while it also offers vehicle refinancing, home-equity loans and is starting a credit-with-cell-phone-collateral product. Since launching in 2016 the platform has intermediated R$1.25 billion in loans and processed 40 million loan requests. The volume of credit originated on the platform is about R$30 million per month. FinanZero’s marketplace also includes payroll-deductible loans and loans guaranteed by the FGTS. The company plans to use its latest funding to develop online financing products for property and vehicle purchases and to expand its secured-credit offerings. FinanZero operates an online credit marketplace that lets consumers compare personal loans, auto equity and home equity offers from a network of 60 lenders in a single search. The company acts as an independent broker that matches borrowers with loan options tailored to their needs. FinanZero was founded by Swedish entrepreneurs Olle Widén and Kristian Jakobsson and is based in São Paulo, Brazil. It currently employs 75 people. The company has raised a total of US$27M to date and completed a fourth funding round of USD4M. Management says the new proceeds will be used to expand further across Brazil. FinanZero operates a real-time online loan marketplace that lets consumers apply for personal, car equity, or home equity loans for free and receive answers in minutes. The company does not originate loans itself; it partners with about 51 banks and fintechs and earns a commission from partners when customers sign loan contracts. FinanZero reports roughly 750,000 loan applications per month, about 3 million monthly visits (approximately 1.5 million unique), 800,000 completed loan forms in March 2021, and an approximate 10% approval rate across products. The startup had about 52 employees and recorded roughly 60% revenue growth from 2019–2020. Founded in 2016 and based in São Paulo, the company has raised $22.85 million to date. The latest financing will be used for marketing (primarily TV), product development, and talent acquisition. FinanZero operates an online, 100% digital and 100% free marketplace that negotiates consumers' loan applications with several banks to find the best interest rates and terms. The platform offers personal, car and mortgage loans and manages the lending process end-to-end. It connects roughly 30 bank partners and has handled more than 3 million loan applications in three years of operation. The company was founded in 2016 by Webrock Ventures, Zentro Global Partners and CEO Olle Widén and operates in the Brazilian market. FinanZero intends to use new funding to improve its technical platform and to invest in marketing to raise brand visibility. FinanZero operates an online marketplace for consumer loans, acting as an independent broker that negotiates a customer's loan application with several banks and credit institutions. The company handles the lending process from start to finish to find the best interest rates and terms for consumers. Led by CEO and co-founder Olle Widén, FinanZero launched in 2016 and is based in Sao Paulo, Brazil. Since launch the platform has handled more than 600,000 loan applications. The company expects to grow the volume of intermediated loans tenfold over the next 12 months. It plans to use new funding to continue expansion, increase marketing, and develop its online platform.

No current team members are available.