Finnu

Finnu is a Barcelona-based fintech firm founded in 2019 with a mission to provide mobile app access to affordable loans. The company leverages alternative data points and phone usage to offer consumer loans backed by assets. Finnu stands out in its dedication to using machine learning to analyze users' alternative phone usage data points and mobile device management (MDM) technology, enabling it to provide credit to underserved segments of society. The mobile app grants access to a variety of loan options, allowing users to apply and acquire loans digitally via their mobile phones. Additionally, Finnu enables users to use their phones as collateral to substantially lower interest rates. While Finnu currently does not have disclosed information about its industries, headquarters, or last investment, its innovative approach to lending and inclusion of underserved populations make it an intriguing prospect for venture capital investors seeking fintech opportunities with a social impact.