FinTechs Offer Fast and Cheap Credit to Entrepreneurs & SMEs in Brazil

Today, in Brazil, we have over 30 FinTech startups offering credit products, according to 2017’s FinTechLab Radar survey. FinTech startups in this segment are attractive because they have lower interest rates. A survey by Sebrae and the Central Bank indicates that the average interest charged by banks for micro-entrepreneurs is 4.5% per month, while FinTech startups similar to Nexoos offer rates r ...