RIO DE JANEIRO, BRAZIL – Weel’s platform uses its own algorithm and electronic tax receipt system to assess credit risk; the company has already processed R$1 billion (US$185 million) in loans.
Artificial intelligence, big data, open banking, blockchain. To many people, these terms still seem to be the subject of science fiction movies, but for a Brazilian fintech, it is reality. It was by using these technologies that Weel, a fully digital credit platform for companies, reached the R$1 billion mark in loans in 2020.
The fintech uses an innovative system to offer financial services swiftly and . . .