Jeitto is a digital credit application that provides users with a monthly credit limit for various transactions, including bill payments and transfers, without the need for a credit card. The platform simplifies access to credit by minimizing the approval process, allowing users to quickly discover their available limit and manage their finances efficiently.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals in Brazil lack access to traditional credit cards, limiting their ability to make online purchases, pay bills, or handle unexpected expenses. Existing credit options often involve complex approval processes and stringent requirements, creating barriers for a significant portion of the population.
Solution
Jeitto provides a digital credit application that offers users a revolving monthly credit limit for various transactions without requiring a traditional credit card. Users can quickly apply and, if approved, gain immediate access to a credit line for paying bills, transferring funds, recharging mobile phones, and making online purchases via PIX. The application streamlines access to credit by minimizing the approval process and offering a fully digital experience accessible through a mobile app. Jeitto's credit limit can increase over time based on user activity and payment history.
Target Audience
Jeitto targets unbanked and underbanked individuals in Brazil who need access to small amounts of credit for everyday transactions and lack traditional credit card options.
Features
- Digital credit line accessible via a mobile application
- Credit for bill payments, fund transfers, mobile recharges, and online purchases
- Integration with PIX for instant payments
- Dynamic credit limit adjustments based on usage and payment behavior
- No annual fees or interest charges; transparent, fixed fees per transaction
- "Shopi Jeitto" marketplace for purchases within the app
- Partnership with banking institutions SOCINAL S.A., BANCO VOTORANTIM S.A., and BANCO BV S.A.