What is Juvo?
Juvo is a pioneering force in establishing financial identities for the underbanked, aiming to bridge the information gap for the 3.9 billion individuals globally excluded from formal economic systems due to a lack of credit history. By collaborating with major mobile network operators and financial institutions, Juvo utilizes novel data sources to construct comprehensive financial profiles. This enables billions of underbanked consumers to access credit and other essential financial services, many for the first time. With a global presence spanning 26 countries across four continents, including headquarters in San Francisco and regional hubs in Miami, Singapore, and São Paulo, Juvo has successfully built over 200 million financial profiles and facilitated more than a billion transactions.
How much funding has Juvo raised?
Juvo has raised a total of $60.3M across 4 funding rounds:
Private Equity
$5.3M
Series A
$14M
Series B
$40M
Debt
$1M
Private Equity (2016): $5.3M, investors not publicly disclosed
Series A (2016): $14M led by Freestyle Capital, Duncan L. Niederauer, Kevin Chou, Frank Yeary, Wing Venture Capital, Joe Greenstein, Andy Sessions, Michael Birch, Eric Wu, Daniel Yates, Antonio Viana-Baptista, Arun Sarin, Seed-Resolute, Ron Suber, Bill Esrey, Ethan Beard, Saran Chari, Mohan Gyani, David King, and Ken Glass
Series B (2017): $40M supported by SignalFire, Wing Venture Capital, and New Enterprise Associates
Debt (2020): $1M featuring PPP
Key Investors in Juvo
Freestyle Capital
Freestyle Capital is an early-stage venture capital firm known for investing in technology companies like Airtable and Patreon, focusing on seed investments and providing strategic guidance to founders.
Wing Venture Capital
Wing Venture Capital is an early-stage investor and company builder that empowers technology advancements, particularly in AI and data, by providing founders with resources and strategic partnerships.
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm established in 1977, dedicated to supporting entrepreneurs in building successful businesses across various sectors.
What's next for Juvo?
With substantial enterprise-level backing and a recent strategic investment, Juvo is well-positioned to accelerate its global expansion and deepen its impact on financial inclusion. The company's focus on leveraging untapped data to create financial identities for the underbanked suggests a continued emphasis on technological innovation and strategic partnerships. Future growth will likely involve scaling its infrastructure to reach more underserved populations, enhancing its data analytics capabilities, and potentially exploring new financial products and services tailored to emerging markets. The company's trajectory points towards solidifying its role as a key enabler of economic participation for billions worldwide.
See full Juvo company page
