Brazilian fintech Jeitto raised $6.8M through a corporate bond structured by Credit Saison.
Jeitto provides microcredit, insurance, and payroll-deductible loans to low-income workers, helping Brazilians underserved by traditional banking cover daily expenses and build a credit history.
Jeitto will use the funds to diversify its financing sources and expand its capacity to issue payroll-deductible loans.
“This funding will drive the expansion of Jeitto Consignado and broaden access to credit for formal workers, offering lower rates and more flexible terms,” stated Jeitto’s LinkedIn post.
Founded in 2014, Jeitto serves over 13 million clients in Brazil.
Read more on LatamFintech Hub.
