Veriza
Digital group microcredit platform for Brazilian entrepreneurs.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $300k | - | |
| Total Funding | 000k | ||
Veriza is a Brazilian financial technology company specializing in digital microcredit for micro and small entrepreneurs. Officially established in the first half of 2020, the company's product discovery phase began in late 2019 with the goal of addressing the credit needs of millions of self-employed individuals in Brazil who are often overlooked by traditional financial institutions. The company was founded by Juvêncio Braga, who serves as CEO, alongside Flávio Alves as CTO and César Martins as Head of Commercial.
The firm operates as a banking correspondent, not as a direct financial institution, partnering with organizations like BIORC and CDC Sociedade de Crédito ao Microempreendedor to originate loans. Veriza's core product is a group microcredit solution delivered via a mobile application available for Android and iOS. This model, also known as a 'solidarity guarantee,' allows three individuals to join together to apply for a loan. While the credit analysis is collective, the funds are released individually to each participant. This group structure helps to reduce default risk and allows Veriza to offer more accessible interest rates.
The entire process, from simulation to application and fund reception, is conducted online through the app. The business model targets a significant market of over 30 million informal entrepreneurs in Brazil who face difficulties securing credit. After launching its app in 2020, Veriza was accelerated by Cotidiano and later by Google's accelerator program in 2021. In June 2021, the company successfully raised R$1.5 million through an equity crowdfunding campaign to fuel its growth and enhance its technology.
Keywords: microcredit, group lending, fintech, financial inclusion, Brazilian entrepreneurs, digital loans, solidarity guarantee, mobile lending, self-employed credit, startup financing, Juvêncio Braga, BIORC, online loans, small business credit, credit analysis, peer to peer lending, alternative credit, Brazilian fintech, SME financing, entrepreneurship support