Lend provides a platform that allows companies to use credit and debit card receivables as collateral for credit transactions, enhancing payment security and reducing default risk. By automating the warranty process, Lend enables efficient debt recovery and credit analysis, leveraging Brazil's $700 billion annual card payment market.
Funding
$5M 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
Granting credit to businesses in Brazil carries significant risk due to potential defaults and the complexities of debt recovery. Traditional methods of securing credit and recovering debts are often slow, inefficient, and may require legal action.
Solution
Lend provides a platform that enables businesses to use their customers' credit and debit card receivables as collateral for credit transactions, mitigating default risk. The platform automates the warranty process, allowing for efficient debt recovery and credit analysis. By leveraging card receivables as collateral, Lend offers a more secure and streamlined approach to credit management, reducing the need for discounts or lengthy legal proceedings. The platform's features facilitate credit recovery, automatic warranty enforcement, and comprehensive credit analysis based on card payment flows.
Target Audience
Lend's primary customers include financial institutions, fintech companies, debt funds, securitizers, collection agencies, CPG companies, B2B marketplaces, commercial property owners, and utilities companies operating in Brazil.
Features
- Automated warranty activation upon payment default, directing receivables to a designated account.
- Lien placement on future receivables to prioritize payment collection.
- Credit risk assessment using card payment flow data.
- Platform for offering and managing receivables advancements.
- Credit Contract (CCB) issuance and management.