Rebel, a Brazilian fintech startup, secured US$ 10 million in funding to expand its services and technology, backed by prominent investors including Monashees and FinTech Collective.
Information on the Target
Rebel, a financial startup established in 2017, aims to transform the financial landscape in Brazil by providing access to credit at affordable rates. Founded by André Bastos, Paulo Nunes, and Rafael Pereira, the company specializes in offering unsecured loans ranging from R$ 1,000 to R$ 25,000, with repayment periods of up to 24 months. Utilizing technology, Rebel performs precise evaluations of each consumer's financial behavior. Since its inception, the company has received over R$ 5 billion in loan applications, indicating a strong demand for its services.
With its recent financing of US$ 10 million, led by notable investors such as Monashees and the global venture capital firm FinTech Collective, Rebel is poised to strengthen its financial position and invest further in technology. CEO Rafael Pereira emphasizes the company's commitment to democratizing access to credit, challenging the perceptions and realities of Brazil's credit system, which is characterized by high interest rates and default rates.
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Industry Overview in Brazil
The Brazilian fintech sector has experienced rapid growth, driven by a significant shift towards digital financial solutions. With approximately 50% of the population still lacking access to traditional banking ser
Similar Deals
Monashees and FinTech Collective
invested in
Rebel
in 2023
in a Series A deal
Disclosed details
Transaction Size: $10M