Sivo operates a financial technology platform that provides debt-as-a-service through an API, enabling companies to access up to $20 million in interest-only debt capital quickly and transparently. The platform addresses the complexity of raising debt capital for early-stage fintechs by offering streamlined integration and real-time reporting, allowing businesses to scale their lending programs efficiently.
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.
MH+2Founders
Product
Problem
Early-stage fintech companies often face significant hurdles in securing debt capital due to traditional funds' aversion to their risk profile and the lengthy, complex processes involved in closing debt facilities. These companies also struggle with the burden of producing labor-intensive manual reports required by traditional lenders.
Solution
Sivo offers a debt-as-a-service platform that provides fintechs with access to up to $20 million in interest-only debt capital through a streamlined API. The platform simplifies the debt-raising process by eliminating upfront fees, complex agreements, and warrants, allowing companies to start with an interest-only facility and repay the principal on their schedule. Sivo enables real-time performance reporting via API or Zapier, which helps companies build their credit rating and reputation, unlocking increased leverage as they grow. This tech-enabled approach allows fintechs to avoid funding off their balance sheets and build a track record recognized by the industry.
Target Audience
Sivo primarily targets early-stage fintech companies and B2C and B2B lending platforms seeking efficient access to debt capital to scale their lending programs.
Features
- API and Zapier integrations for real-time performance reporting and seamless data sharing
- Interest-only debt facilities with flexible repayment schedules
- Performance-based leverage increases based on portfolio performance and on-time payments
- Multi-currency support in USD, GBP, MXN, EUR, AUD, SGD, and CAD
- Automated risk engine generates performance-based proposals and term sheets
- Access to capital for B2C and B2B lending programs, including credit cards, BNPL, earned wage access, and merchant cash advances