Juvo

Juvo is a San Francisco-based company that has created a financial service platform that targets adults with no credit history who are looking to build their credit.There are offices located around the world in places such as São Paulo, Brazil; Singapore; and Miami, Florida.The Juvo platform is active in over 20 countries and the company states that it attracts more than one million users every day.

The company describes its platform as "financial identity, as a service (FiDaas)." It utilizes technology such as data science, machine learning, predictive algorithms, and the cloud in order to operate the platform. Many of the users who are lacking credit history are in that position because they live in a cash-based economy. It uses alternative credit data information, such as data from telecommunications companies, in order to create a credit score for its users, thus allowing for its users to experience opportunities which require a credit score, such as obtaining access to a mobile network, utilizing the services offered at financial institutions, and becoming eligible to purchase goods from certain merchants.