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Brazilian digital credit startup receives US$4.2 million investment to accelerate new products

RIO DE JANEIRO, BRAZIL - Mutual, one of Brazil's main digital credit platforms, has received a R$22 (US$4.2) million investment from the sale of part of its anti-fraud technology subsidiary to a group of international entrepreneurs.

"We want to accelerate technology for the use of digital credit in Brazil and by the end of 2022 we will launch 6 new products to start offering new types of financing," announced Mutual's co-founder and co-CEO Marciliano Freitas.

According to the executive, these new credit products will be financed by investment funds, banks, and even individuals . . .

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