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§ Private Profile · San Francisco, CA, USA
Fintech company providing credit scores and financial services using mobile data for underbanked populations, focused on financial inclusion in Latin.
Juvo has raised $54.0M across 2 funding rounds.
Key people at Juvo.
Juvo has raised $54.0M in total across 2 funding rounds.
Juvo is a fintech company with regional headquarters in Brazil, focused on utilizing mobile data to generate credit scores and provide financial services, thereby integrating billions of underbanked individuals into the formal economy. The company develops and deploys products like YEScore, specifically tailored for low-income populations, and Juvo Crédito, which was launched in Brazil in 2022 to expand access to credit. Juvo's operations are supported by venture funding, with investors such as Wing and NEA contributing to its growth. Strategic partnerships with major entities like Deutsche Telekom and Mastercard further extend its reach, enabling financial services across Latin America and Europe. Juvo was founded in 2014 by Steve Polsky. Its business model centers on raises venture funding through equity rounds and partners with companies like Mastercard for financial services.
Juvo has raised $54.0M across 2 funding rounds. Most recently, it raised $40.0M Series B in July 2017.
Key people at Juvo.
Juvo has raised $54.0M in total across 2 funding rounds.
Juvo's investors include Wing Venture Capital, Scott Sandell, Andreessen Horowitz, Astia, Battery Ventures, Broadway Angels, Telstra Ventures, Two Bear Capital, SignalFire, 7GC & Co, 8VC, All Iron Ventures.
Juvo is a fintech company that builds financial identities and credit scores using mobile user behavior data to expand access to credit for unbanked and underbanked populations, particularly low- and middle-income individuals in emerging markets like Brazil.[1][5] It offers products such as airtime lending, cash loans, and credit scoring services like YEScore and Juvo Crédito, serving fintechs, telcos, and financial institutions to underwrite loans for people without traditional credit histories.[1][5] The company solves the problem of financial exclusion by leveraging alternative data from mobile interactions, enabling billions to enter the formal economy, with strong growth shown through funding rounds (Series A led by Wing in 2016, Series B by NEA and Wing in 2017), partnerships (e.g., Mastercard, Deutsche Telekom, Samsung), and milestones like originating R$10M in personal loans monthly and regional expansion to Brazil.[5]
Juvo was founded in 2014 in San Francisco, California, with the mission to bring billions of people into the formal economy by using mobile data for credit access.[1][5] The founders aimed at underserved populations in emerging markets, starting with a focus on AI-driven underwriting for those lacking formal credit.[1] Early traction included a 2016 Series A financing led by Wing Venture Capital, a 2017 European launch with Deutsche Telekom, and Series B funding from NEA and Wing, followed by a Brazil headquarters opening and product launches like YEScore for low-income Brazilians.[5] Pivotal moments include partnerships with Mastercard for Latin American services, R$40M funding from SRM Ventures, and awards like the Lendt Fintech Award and multiple Frost & Sullivan Best Practice Awards, building momentum through consistent Great Place to Work certifications.[5]
Juvo rides the fintech inclusion wave in emerging markets, where mobile penetration outpaces banking access, using alternative data to tap a $2T+ underbanked credit opportunity.[1][5] Timing aligns with rising smartphone adoption in Latin America and AI advancements in risk assessment, amplified by post-pandemic digital finance booms and regulatory shifts favoring open banking.[5] Market forces like telco-fintech partnerships (e.g., Deutsche Telekom) and investor interest in impact-driven tech favor Juvo, as it influences the ecosystem by enabling lenders to serve billions, reducing exclusion, and setting standards for data-driven inclusion models.[1][5]
Juvo is poised for accelerated expansion in Latin America and beyond, leveraging AI enhancements and partnerships to scale loan volumes and new products like device financing.[5] Trends like embedded finance, real-time data analytics, and regulatory support for alternative credit will shape its path, potentially evolving its influence toward global standards for unbanked inclusion. As mobile data becomes the new credit frontier, Juvo's mission to formalize billions positions it as a fintech leader transforming financial access.[1][5]
