SuperSim Closes Over USD5M Series A Financing
- SuperSim, a Sao Paulo, Brazil-based credit fintech company focused on bringing financial inclusion to working-class Brazilians, closed an over USD5m Series A financing
- The round was led by IDC Ventures, with participation from several new and existing investors
- The capital will be used to invest in the loan book, to grow the team and to finance the rollout of new products and services out of pilot
- The company is an online lender focused on tech-enabled financial inclusion for the working class in Brazil
- It is licensed as a bank correspondent and offers B2C and B2B2C credit products, including microcredit-sized phone-backed loans and “Lending As A Service” for corporate partners
- The company recently raised over US$25 million through a securitized debt offering via a special purpose vehicle in the Brazilian market
