Juvo

Juvo

A mobile financial services platform made for people without access to traditional banking services. It was founded in 2014 and has headquarters in San Francisco, California.

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.

Product

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.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Juvo funding round, August 2017
40,000,000
August 2017
1 Result
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People

Name
Role
LinkedIn

Steve Polsky

Founder and CEO

Further reading

Title
Author
Link
Type
Date

Juvo raises $40 million to bring financial inclusion to emerging markets

Ryan Lawler

Web

Juvo: Mobile technology for the underbanked

Olivia Minnock

Web

January 31, 2019

Why we invested in Juvo

Patrick Chang

Web

January 23, 2018

Documentaries, videos and podcasts

Title
Date
Link

FinovateFall 2016 / Juvo

July 8, 2019

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
AlleyVoice
August 13, 2020
AlleyWatch
The Pulse of New York Tech

References

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