IOUU Tecnologia e Serviços Financeiros S.A.

IOUU Tecnologia e Serviços Financeiros S. A. is a Brazilian digital platform that facilitates access to loans for small and medium-sized enterprises (SMEs), offering a fully digital experience to streamline financing for business growth. Founded in 2016 and headquartered in São Paulo, Brazil, IOUU Tecnologia e Serviços Financeiros S.

A. serves as a banking correspondent, connecting SMEs with financial institutions. The company was co-founded by Bruno Sayão, who also serves as the CEO. In April 2021, IOUU was acquired by Banco Letsbank S.

A. from its previous investors, including Devas Invest and DOMO Invest, after securing a total funding amount of BRL 6. 000 mn through a SEED round led by DOMO Invest. IOUU operates primarily as a digital platform that facilitates access to loans for small and medium-sized enterprises (SMEs) in Brazil.

Acting as a banking correspondent, the company simplifies the loan application process by connecting clients with financial institutions like Banco Letsbank S. A. and Money Plus SCMEPP Ltda. Through technology, IOUU provides a quick and secure 100% digital experience, enabling entrepreneurs to obtain necessary financing.

Its services target a diverse clientele of SMEs, aiming to create social and environmental impacts across Latin America. IOUU generates revenue by acting as a banking correspondent, receiving compensation from financial institutions for each loan transaction processed through its platform. The typical transaction structure involves a commission paid by lending banks. While specific pricing plans are not disclosed, the company outlines a Cost Effective Total (CET) ranging from 1.

3% to 7. 5% per month for loans, with various repayment term examples demonstrating a structured revenue approach aligned with client success in securing financing. IOUU aims to leverage its recent funding from the SEED round to enhance its service offerings and product development, although specific upcoming products have yet to be detailed. The company is also planning to expand its operations into new markets across Latin America, with a focus on specific regions to be identified in the near future.

The recent acquisition by Banco Letsbank S. A. in April 2021 is expected to facilitate further growth and support these initiatives.