Brazilian microlending Fintech SuperSim raised US$ 5.6 million in the crisis and expects more contributions until December

August 23, 2020
News Editor at EXAME
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startupi.com.br
SuperSim, dedicated to loans of up to 2,500 reais with collateral for goods such as cell phones, should use the resources to expand the customer base in classes C and D.

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SuperSim, a credit fintech focused on loans with values ​​of up to 2,500 reais with guarantees, raised 30 million reais in a securitization operation. Led by Navi, the contribution of resources should expand the customer portfolio in classes C and D, the focus of the business.

Founded in 2019, SuperSim launched this year credit with the customer's cell phone - a way also to control the risk of default, say partners Daniel Shteyn and Antonio Brito.

In the system designed by fintech, the cell phone serves as ballast and stops working in the event of default.

The idea of ​​SuperSim is to have a higher share of approval of loan applications than that of competitors, an indicator normally between 0.5% and 2% of requests.

According to the partners, with mechanisms such as cell phones as a guarantee for granting the loan, the objective is to expand the granting of credit at rates of around 10% of requests.

The crisis is a moment of expansion for SuperSim. While much of the market limited credit provision, in a very challenging period for this segment, SuperSim's loan volume in June was four times greater than in April this year.

In the plans of fintech is another contribution, this time a Series A, until the end of the year.

Among SuperSim's investors are Al Goldstein, creator of two fintechs in the United States - Enova and Avant -, Bruno Balduccini, lawyer at Pinheiro Neto and the Distrito Ventures fund.

Over the past year, investments in fintechs have tripled, according to a recent survey by consulting firm Accenture. Apparently, even with the crisis, the investors' appetite for this market is far from over.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

SuperSim, a credit fintech focused on loans with values ​​of up to 2,500 reais with guarantees, raised 30 million reais in a securitization operation. Led by Navi, the contribution of resources should expand the customer portfolio in classes C and D, the focus of the business.

Founded in 2019, SuperSim launched this year credit with the customer's cell phone - a way also to control the risk of default, say partners Daniel Shteyn and Antonio Brito.

In the system designed by fintech, the cell phone serves as ballast and stops working in the event of default.

The idea of ​​SuperSim is to have a higher share of approval of loan applications than that of competitors, an indicator normally between 0.5% and 2% of requests.

According to the partners, with mechanisms such as cell phones as a guarantee for granting the loan, the objective is to expand the granting of credit at rates of around 10% of requests.

The crisis is a moment of expansion for SuperSim. While much of the market limited credit provision, in a very challenging period for this segment, SuperSim's loan volume in June was four times greater than in April this year.

In the plans of fintech is another contribution, this time a Series A, until the end of the year.

Among SuperSim's investors are Al Goldstein, creator of two fintechs in the United States - Enova and Avant -, Bruno Balduccini, lawyer at Pinheiro Neto and the Distrito Ventures fund.

Over the past year, investments in fintechs have tripled, according to a recent survey by consulting firm Accenture. Apparently, even with the crisis, the investors' appetite for this market is far from over.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.
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Headquarters:
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Monto inversión:
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Ronda financiación:
Debt Financing
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