Brazilian Fintech Nexoos reaches the R$500 million mark of SME loans

Founded in 2016, the fintech was the first in the country to offer peer-to-peer lending.

RIO DE JANEIRO, BRAZIL - One of the pioneering fintechs in Brazil in the modality of peer-to-peer lending, Nexoos last week reached the R$500 million mark in loans to small and micro businesses (SMEs) on its platform. The sum has been accumulated since the company began operating in the country in 2016.

“A spokesperson from Now Loan, a UK instant loan matching service said that peer-to-peer lending will likely continue to increase leaps and bounds in the Brazilian marketplace as it . . .

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