SuperSim
“Can algorithmic underwriting plus Open Finance data unlock profitable microcredit for Brazil's negativados — the customers traditional banks reject?”
Founded2019
HQSão Paulo, Brazil
FoundersAntonio Brito, Daniel Shteyn, Rômulo Coutinho
Total raised$36.2M
Latest roundSeries A (2022)
IndustryFintech / Lending
The story
Founded 2019 as an online microcredit lender for Brazil's underbanked classes C/D — the value prop is a high approval rate (including negativados) via alternative-data underwriting. Between 2020-2021 SuperSim pivoted toward a 'lending-as-a-service' model, distributing loans through partnerships as a correspondente bancário for licensed banks (Socinal, Celcoin/Via Capital SCD). More recently the company has adopted Brazilian Open Finance for underwriting and, contradicting its digital-only origins, opened a physical retail store in 2026 to reach customers offline.
Product timeline
2019
SuperSim founded in São Paulo as a microcredit fintech for underbanked Brazilian consumers (classes C/D)· banking
2020
Scaled 20x YoY in loan book, origination and revenue; team grew from 13 to 76· lending
2021
Announced 'lending-as-a-service' strategy; CFO hire (Celso Nunes)· pivot
2022
Series A led by A.GAIN (IDC Ventures); R$136M FIDC funding from Triple-A investors· lending
2024
Launched SuperSeguro (loan-protection insurance) and Multiplik referral program· lending
2026
Opened first physical store at Shopping Metrô Tatuapé, São Paulo — hybrid digital/physical distribution· pivot
Regulated entities
1
regulatory licence held by SuperSim
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in SuperSim’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting gap: none
14 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.