Fintech specializing in personal credit Provu announced this Wednesday that it has raised 1.4 billion reais from Goldman Sachs through a Credit Rights Investment Fund (FIDC).
“This funding expands our ability to offer credit,” stated in a statement the president of Provu, Marcelo Ramalho.
Provu, formerly known as Lendico, said it will also use the funds to expand the financing of installment purchases without a credit card, a model known abroad as “buy now pay later”, buy now pay later.
Goldman’s support comes at the time Provu received approval from the Central Bank to act as a direct credit company (SCD), which frees it to act with its own resources.
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