In addition to the higher volume, the cost of raising capital was lower in this second offering: CDI rate plus 5.75%, compared to 6% for the previous offering. For the CFO of REBEL, André Botelho Bastos, “The size of growth in the amount of the issuance in such a short period of time is a rare occurrence in the Brazilian market, and shows investor confidence in REBEL and in the quality of the assets that we are creating.”

The securitization allows the startup to service more consumers: “It is the fuel for us to continue accelerating. We have very advanced loan-analysis models that use Machine Learning and Artificial Intelligence. This allows us to assess and price every loan request precisely in just a few minutes, which guarantees us a default rate that is substantially lower than that of the market,” Bastos explained.

The second issuance is just the beginning of a new phase for REBEL, with a focus on improving the client’s experience. The company innovates so that it can offer even lower rates and more benefits to the consumer, in addition to offering profitability with governance for investors. “Banks usually say they are obligated to charge high interest rates because non-payment is high, causing a vicious and negative cycle. We want to create a virtuous cycle that inspires more confidence, security, and improved loan proposals in Brazil,” Bastos concluded.

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