FinTech Collective welcomes Brazil based digital lender to the portfolio. The company raised $10m in this round from Monashees and FinTech Collective. Rebel offers unsecured credit to middle-class citizens in Brazil and has gotten more than $1 billion in loan requests since it started.
“We take an interest in companies that are willing to redesign their markets, led by entrepreneurs with a strong strategic vision and the discipline to execute,” said Sean Lippel, principal at FinTech Collective. “We believe that Rebel has the opportunity to not only repair the broken USD $100 billion unsecured consumer credit market in Brazil, but also expand the availability of credit in the country by changing the way Brazilians relate to their personal finances.”