“Can a merged Brazilian consumer-credit fintech materially undercut the country's punitive 300%+ unsecured-credit rates through digital underwriting and scale?”
Open Co was created in 2021 from the merger of two Brazilian consumer credit fintechs, Geru and Rebel, to consolidate scale in Brazil's unsecured consumer credit market. Later that year it raised a $115M Series D led by SoftBank LatAm to scale digital underwriting and expand product offerings in a market plagued by 300%+ interest rates.
Open Co's lending and capital products are provided by Open Co (in-house).
Open Co is founded in 2021 and headquartered in São Paulo, Brazil.
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