Biva
Financial platform that provides a peer-to-peer lending.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | - | |
| Total Funding | 000k | ||
| USD | 2019 | 2022 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Biva stands as a noteworthy fintech in Brazil's financial landscape, specializing in peer-to-peer (P2P) lending. The company was established in May 2015 by co-founders Paulo David and Jorge Vargas Neto. Paulo David, before venturing into the fintech space, gained entrepreneurial experience by opening a restaurant with his mother at the age of 17, an experience that honed his business acumen. He later pursued a law degree and worked at a prominent law firm in São Paulo before shifting his focus to venture capital, an industry that ignited his passion for supporting entrepreneurs. This journey culminated in the creation of Biva, with the objective of assisting small and medium-sized businesses in navigating bureaucracy and accessing capital.
The firm operates as a marketplace, creating a direct link between individual investors and small to medium-sized enterprises (SMEs) seeking financing. This model allows for a more streamlined and potentially lower-cost alternative to traditional banking loans for businesses, while offering investors the opportunity for more profitable returns. Biva functions as a banking correspondent for Socinal - Crédito, Financiamento e Investimento S.A., ensuring its operations are compliant with Brazilian financial regulations. The business generates revenue through its P2P lending platform, which facilitates collective loans.
A significant milestone in Biva's history occurred in October 2017 when PagSeguro, a major player in the payment methods sector and part of the Universo Online (UOL) group, acquired a controlling stake of 50.5% for over R$11 million. This acquisition valued Biva at approximately R$22 million less than three years after its inception. At the time of the acquisition, Biva had already facilitated over R$35 million in loans and built a base of more than 10,000 registered investors. Following the deal, Ricardo Dutra and Eduardo Alcaro, the CEO and CFO of UOL respectively, joined Biva's board.
Keywords: peer-to-peer lending, P2P lending, fintech, small business loans, SME financing, investment platform, collective loans, credit marketplace, financial technology, Brazilian startup, online lending, alternative finance, PagSeguro, UOL, Paulo David, Jorge Vargas Neto, Socinal, debt financing, investment opportunities, marketplace lending