IOUU

Brazilfintech

IOUU is a Brazilian fintech that operates a peer-to-peer (P2P) lending marketplace for small and medium-sized enterprises (SMEs). The platform connects businesses seeking credit with individual and institutional investors, enabling faster and more accessible financing compared to traditional banks. IOUU primarily serves micro-entrepreneurs and small companies in Brazil, leveraging partnerships with larger corporations to extend credit to their smaller business partners. In 2020, the startup raised a $1.3 million funding round led by DOMO Invest, and was later acquired by LetsBank (formerly SmartBank) to expand its credit operations targeting a portfolio of R$500 million.

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