Aviva is a fintech startup that utilizes AI-driven algorithms to provide instant loan approvals and credit card services tailored for the underbanked population in Latin America. By offering a streamlined application process through video calls at physical kiosks, Aviva addresses the lack of accessible financial services and ensures funds are disbursed within 24 hours.
Funding
$9.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals in Latin America, particularly those who are underbanked, face significant barriers to accessing traditional financial services such as loans and credit cards. Complex application processes, lack of credit history, and limited access to physical bank branches contribute to this problem. This lack of access hinders economic opportunities and financial inclusion for a large segment of the population.
Solution
Aviva provides AI-driven financial services, offering instant loan approvals and credit card access to the underbanked in Latin America. Customers apply for loans and credit cards via video calls at conveniently located physical kiosks. Aviva's AI algorithms analyze applicant data in real-time during the video call to assess creditworthiness and approve loans instantly. Approved funds are disbursed within 24 hours, providing quick access to capital for individuals who may not qualify through traditional banking channels. This streamlined process and rapid disbursement address the critical need for accessible and efficient financial solutions for the underbanked population.
Target Audience
Aviva's primary target audience is the underbanked population in Latin America, including individuals with limited credit history or access to traditional banking services, and small business owners seeking quick access to capital.
Features
- AI-powered credit scoring algorithms for real-time risk assessment
- Streamlined application process via video calls at physical kiosks
- Instant loan approval decisions during the video call
- Funds disbursement within 24 hours of approval
- Credit card services tailored for the underbanked population
- Physical kiosk locations in areas with limited banking access