Brazilian fintech Blips raised $8.8M in a round led by Headline, with participation from XP.
Blips uses proprietary technology to assess customers and offer equipment financing and rental to micro and small businesses in sectors like beauty, construction, and food. Blips approves over 60% of financing requests and has a default rate of 0.4%.
Blips will use the funds to obtain the Sociedade de Crédito Direto license and expand its financial offerings.
“Over 50% of jobs in Brazil are generated by micro and small businesses, a sector largely overlooked by the traditional financial system. Blips is bringing technology to new sectors of the economy and doubling down on its belief in these entrepreneurs,” said Blips’s co-founder Ricardo Rocha.
Founded in 2019, Blips serves over 4K customers and generated $35.4M in revenue in 2024.
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