Klubi, a Brazilian fintech specializing in vehicle, travel, and cell phone financing, secured $7M in a Series A round led by L4 Venture Builder and Vivo Ventures.
Klubi provides financing through a group purchasing model, reducing costs and offering more accessible credit options. This model eliminates brokers and minimizes fees typically associated with traditional financial products.
With this funding, Klubi will expand its credit offerings to real estate financing and insurance brokerage.
Founded in 2019 and authorized by Brazil’s Central Bank to operate in February 2020, Klubi has established strategic partnerships with major automotive players including Kavak, OLX, and Localiza to boost user growth. The fintech reports an annualized revenue of $8M, achieving a fourfold year-over-year growth as of November 2023.
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