Brazilian fintech FinanZero raised $808K from existing and new investors.
FinanZero is a loan marketplace for different kinds of loans, like unsecured personal loans, loans against real estate property, and working capital loans. Finanzero partners with over 70 financial institutions, allowing users to compare multiple pre-approved loan offers, with funds disbursed within 48 hours of approval.
FinanZero will use the funds to enhance its platform and explore AI tools.
“Our main objective is to generate profitable growth in the coming months. We will invest in infrastructure and new AI tools,” said FinanZero’s CEO and Co-founder Olle Widén.
Founded in 2015, FinanZero is valued at $8.4M post-money.
Read more on LatamFintech Hub and Startups.com.br.