Brazilian fintech startup REBEL raises $4 million in Series A funding to invest in its technology platform, product development, and accelerate customer growth
REBEL, a Brazilian fintech startup with a focus on online credit for the middle class, has $4 million a Series A funding round to further invest in its proprietary technology platform and product development, as well as to grow its customer base and loan book. The round was led by XP Asset Management, an affiliate of XP Group, Point Break Capital, and existing investors monashees+ and JMalucelli, with additional participation from new and existing investors.
Founded in 2017 Andre Botelho Bastos, Paulo Asterio Nunes, and Rafael Pereira, REBEL is a data, tech and analytics-driven online platform led by technology and finance entrepreneurs. Founded in 2016, REBEL offers its customers fast, easy and trust-worthy credit of up to 50,000 reais for up to 24 months at interest rates as low as 2.9% per month. In addition, REBEL offers consumers free access to its proprietary REBEL Score, a credit score designed to transparently explain an individual’s credit profile and to suggest actionable steps to improve financial health.
REBEL’s mission is to lead the transformation of the financial services market in Brazil by empowering middle-class consumers through fairly-priced personal loans and a free financial literacy-focused credit score. We are a data, tech and analytics-driven online platform led by technology and finance entrepreneurs. REBEL offers its customers fast, easy and trust-worthy credit of up to 25,000 reais for up to 24 months at interest rates as low as 2.9% per month.
“REBEL has developed a significant position in the rapidly growing fintech industry in Brazil through its leading analytics and technology platform, differentiated financial products and its focus on meeting the needs of the middle-class consumer”, said Rafael Pereira, CEO of REBEL. “We are honored by the trust shown us by our enthusiastic customers and the support provided by our roster of smart-money investors”, stated Daniel Shteyn, Executive Chairman.
“Investing in venture capital is within our investment scope and disruption is in our DNA. Having said that, we saw REBEL as one of the best positioned companies and most prepared management team within the evolving fintech industry in Brazil”, said André Masetti, XP Asset Management’s portfolio manager and partner.