P2P lending Brazil: Top 3 platforms. The concept of peer-to-peer lending (“P2P”), that first evolved in the United Kingdom and United States, is currently a fashionable topic in jurisdictions like Brazil where consumer needs and spending are growing and strict financial regulations apply. P2P is in fact seen as an inclusive alternative providing individual consumers with cheap and debureaucratized credit.

BRASILIA/SAO PAULO, April 26 (Reuters) – Brazil’s Central Bank on Thursday released rules for credit start-ups that include authorization for peer-to-peer lending, as a way to increase competition in loans in a country with notoriously high interest rates for consumers.

Credit fintechs will be allowed to operate with a minimum capital of 1 million reais ($288,000), according to the new regulation. Peer-to peer lending had not yet been formally authorized in the country. The practice involves lending between individuals through online services.

Fintechs welcomed the regulation, saying it would increase competition with Brazil’s large banks. Fintechs’ annual loan disbursement is still low in the country, about 2 billion reais a year, according to the industry group ABCD, which represents credit fintechs.

P2P lending Brazil: Top 3 platforms

Nexoos is a digital platform that connects companies interested in obtaining credits and investors interested in investing part of these loans. Nexoos do Brasil Tecnologia e Serviços Ltda is not a financial institution and does not perform financing operations, investments or any other private operations of financial institutions. Nexoos Group also operates directly in the financial intermediation of loans between people,

At Mutual the investor (who lends money) is almost like a bank. He can lend money with interest up to 400% of the CDI aa legally, has the opportunity to analyze the borrower’s credit information (the transaction’s risk and score) and borrow based on that information.

Biva represents a consumer lending in Brazil. All loans are in Brazilian Real (BRL).
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