WEEL
Bridge Loans for Small Businesses
Company Overview
Snapshot
Founded in November 2014 by Simcha (Simo) Neumark and Shmuel (Sergio) Kalmus, WEEL operated with 11–50 employees. The company raised a total of $60.24 million across 5 funding rounds from 4 investors. In June 2021, WEEL was acquired by Banco Bonsucesso.
Business overview
WEEL developed a platform that enables small and medium-sized businesses to secure immediate loans by uploading their ERP data and selling invoices. The company's technology includes proprietary algorithms for risk analysis, determining feasible repayment timelines for clients. WEEL operates within the Fintech & Insurtech sector, specifically focusing on Lending & Financing, and serves the SMB & SME market in Brazil.
Strategic signal
In June 2021, WEEL was acquired by Banco Bonsucesso, marking a significant exit for the fintech company. This acquisition highlights the increasing consolidation and strategic interest in the Brazilian fintech landscape, particularly in solutions addressing small and medium-sized business financing. For investors, this event signals the potential for successful exits in the region's rapidly evolving financial technology sector.
Log in to access full profile ›Company Intelligence Q&A
- When was WEEL acquired?
- WEEL was acquired by Banco Bonsucesso in June 2021.
- Which investor participated in WEEL's February 2020 funding round?
- In February 2020, BV (Formerly Banco Votorantim) participated in WEEL's C Round funding.
- Which investor participated in WEEL's April 2019 funding round?
- In April 2019, Franklin Templeton invested in WEEL's B Round funding.
- Which investor participated in WEEL's August 2017 funding round?
- In August 2017, Monashees participated in WEEL's A Round funding.
- Which investor participated in WEEL's March 2015 funding round?
- In March 2015, a Brazilian financial institution participated in WEEL's Seed funding round.