Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

DOMO Invest backs low-income lender Noverde



Noverde is a mobile-based fintech startup that lends to low-income banked Brazilians who have difficulty securing credit from traditional financial institutions.

Noverde reviews customers’ credit profiles through an online application and deposits approved loans of up to 4,000 rais into customers’ bank accounts, allowing them to repay over 12 months.

The company claims its interest rates are lower than those of traditional lenders. DOMO Invest, a São Paulo-based startup venture fund, led Noverde’s four million reals ($1.2 million) funding round.

DOMO has backed more than 40 Brazilian startups, according to Crunchbase; Noverde is the firm’s first investment from a new R$100 million ($31 million) tech-focused fund.

You might also like...