VIVA Finance Secures $220 Million to Empower Inclusive, Mobile-First Lending Revolution

VIVA Finance, a trailblazer in mobile-first lending, is excited to announce a major funding milestone with a fresh raise of $220,000,000. This significant injection of capital not only validates the company’s pioneering approach to underwriting loans based predominantly on employment information rather than traditional credit history but also sets the stage for an ambitious phase of growth and innovation. Since its inception in early 2019, VIVA Finance has diligently worked to dismantle barriers in financial access, aiming to create a more inclusive and equitable financial system. With the newly raised funds, the company will further enhance its mobile platform, broaden its lending portfolio, and improve the technological infrastructure needed to support thousands of individuals who rely on its services for refinancing expensive debt and meeting a wide range of financial needs. The company’s mission to expand access to affordable credit has resonated with many, as evidenced by the growing base of satisfied clients who have reaped the benefits of its alternative underwriting model. The infusion of capital is set to accelerate product development, expand market outreach, and integrate advanced machine learning algorithms that refine risk assessment by leveraging robust employment data. In doing so, VIVA Finance remains committed to democratizing financial services and bridging long-standing gaps often seen in traditional credit systems. Learn more about this groundbreaking journey and how VIVA Finance is redefining credit access at www.viva-finance.com, as it continues to support individuals in achieving financial stability and growth.