Juvo provides Financial Identity as a Service by converting mobile phone usage data into proprietary credit scores (YEScore) that enable real‑time airtime and cash loans for underbanked adults. Through partnerships with mobile network operators and payment networks, the platform delivers over 100,000 mobile‑first loans per day, expanding access to affordable financing for users without traditional credit histories.
Funding
$25M 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 adults worldwide lack formal credit histories, making it difficult for them to access affordable loans and other financial services. Traditional credit assessment relies on banking data that underbanked individuals do not generate, leaving a large segment of the population financially excluded.
Solution
Juvo leverages mobile phone usage data to generate proprietary credit scores (YEScore) that predict creditworthiness for users without traditional banking records. By partnering with mobile network operators, Juvo collects behavioral signals from over 90% of adult mobile users and applies machine‑learning models to produce real‑time credit decisions. These scores enable the issuance of airtime‑based micro‑loans and cash loans secured by the cellphone, allowing individuals to obtain financing directly through their mobile devices. The platform processes more than 100,000 loans per day in Brazil, scaling financial inclusion for low‑income consumers. Juvo’s integration with partners such as Mastercard further expands the range of digital financial products available to the underbanked.
Target Audience
Primary customers are underbanked adults in Brazil and Latin America who use prepaid mobile phones, as well as financial institutions and fintech partners seeking alternative credit data to serve low‑income consumers.
Features
- Proprietary YEScore model that transforms mobile usage patterns into predictive credit scores
- Real‑time loan approval engine delivering airtime and cash loans instantly via mobile devices
- Partnerships with mobile network operators to access high‑frequency behavioral data from over 90% of adults
- Integration with Mastercard and other payment networks to facilitate broader digital financial services
- High‑volume lending infrastructure supporting over 100,000 loans per day with automated risk management
- Mobile‑first user experience allowing borrowers to request and receive funds without visiting a bank branch