Provi

Provi, operating under the domain provi.com.br, is a Brazilian financial technology firm focused on the education sector. The company was established in 2018 by founders Fernando Franco and Mario Perino to address the challenge of educational accessibility in Brazil. Provi's core business revolves around providing financing solutions for students pursuing professional development courses, bootcamps, and other educational programs.

The company's business model is centered on offering alternatives to traditional student loans. It provides funding for courses and then facilitates credit analysis and student payment collection. Provi's platform utilizes machine learning and artificial intelligence to analyze public data, including information from social networks, to develop its credit assessment methods. This enables the company to offer financing, sometimes with interest rates below the market average, to individuals looking to enroll in partner educational institutions. The primary clients are students and professionals seeking to upskill, while its partners are the educational institutions that offer the courses. By providing this financing, Provi aims to increase student conversion rates for these schools.

Provi's journey reached a significant milestone when it was acquired by Principia on August 24, 2023, transitioning it from a venture-capital-backed startup to an acquired entity. Prior to its acquisition, the company had secured funding from investors including Yunus Social Business, Positive Ventures, and Garan Ventures.

Keywords: education financing, fintech, Brazil, student loans, income share agreement, edtech, credit analysis, professional courses, bootcamps, student payment solutions, Mario Perino, Fernando Franco, Principia, course funding, learning finance, career development, educational access