Details

Last Funding Type

Seed

Industries

Credit,Financial Services,FinTech,Marketplace

Founded date

Aug 1, 2016

Number Of Employee

11 - 50

Operating Status

Active

bxblue is a marketplace for personal loans in Brazil explicitly targeting pensioners and Government workers because they can they take loans secured by their guaranteed income. Because of that banks can deduct the payment directly from the paycheck, leading to an apr 10x lower than credit cards. Payroll secured loans are the most affordable personal loan in Brazil, and they represent 60% of the personal loans in the country. It is a 40bn dollar/year marke, completely offline. We are taking this entire market online.