EmpreX

EmpreX is a financial technology company headquartered in São Paulo, Brazil, that provides personal loans and refinancing options by leveraging Open Finance data. The company was founded in 2021 by Silvan Roth (CEO), Bruno Monteiro Vannucci (COO), and Sebastian Becker (CTO). Silvan Roth, who is Swiss, had previous experience in the European financial market, including roles at Goldman Sachs, and was a fellow at the Lemann Foundation, which brought him to Brazil. The founding team was later joined by Jason Nassof, formerly of Goldman Sachs, as CFO and co-founder after he led an investment round.

The company's core business revolves around a digital lending system that utilizes a proprietary machine learning credit scoring engine. By analyzing financial data shared by users through Brazil's Open Finance infrastructure, EmpreX performs a more detailed risk assessment than traditional models. This allows the platform to offer more affordable and customized personal loans, targeting a gap in the market for Brazil's middle-class consumers who are often considered underserved by large banks and other fintechs. The process is automated, enabling users to connect their bank accounts, have their financial health analyzed, and receive a loan offer through the platform.

EmpreX generates revenue by providing credit and refinancing existing loans at lower interest rates. The company has secured significant funding to scale its operations. In April 2023, it raised R$11 million (approximately $2.18 million) in a seed round led by Jason Nassof and Hugo Mathecowitsch. This was followed by a substantial R$40 million (around $8 million) debt and equity financing round in April 2024 from SRM Ventures, the venture capital arm of SRM Asset. This capital is intended to expand its loan portfolio significantly, with a goal to reach over 50,000 loans.

Keywords: Open Finance, personal loans, credit refinancing, machine learning, credit scoring, fintech, consumer finance, digital lending, risk assessment, financial technology, Brazil, São Paulo, credtech, loan analysis, Open Banking, consumer credit, data sharing, financial services, debt financing, venture capital