NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Monday, December 9, 2019

Rebel, a Brazilian FinTech that offers unsecured credit to middle-class citizens in the country, has raised $10 million in new equity funding, according to a press release.

Last year, the company also raised $4 million from XP and other companies. Participants in this round include Monashees, 99, Loggi and FinTech Collective. The company said it has gotten more than $1 billion in loan requests since it started.

“For decades, our banking system has made no sense, resulting in a distorted relationship between consumers and credit,” said Rebel CEO Rafael Pereira.

Photo courtesy of Victor Camilo.