FinanZero, a Sao Paulo, CA-based fintech company that operates as a consumer loan broker, raised USD$11m in funding.
Backers included Atlant Fonder, Dunross & Co and Vostok Emerging Finance, among other investors.
The company intends to use the funds to improve its technical platform and invest in marketing to increase the visibility of the brand.
We have already received more than 3 million loan applications in three years of operation in the Brazilian market,” explains
Founded in 2016 by Webrock Ventures, Zentro Global Partners and Olle Widén, CEO, FinanZero is a marketplace for loans in Brazil. The business is an independent broker for loans, negotiating the customer’s loan application with several banks and credit institutions, to find the loan with the best interest rate and terms for the consumer.
The company, which handles the lending process from start to finish, has 30 bank partners on its online platform and is offering a 100% digital and 100% free service for its customers.
The products offered by the marketplace include:
– personal loans,
– car loans, and
– mortgage loans.