Funding, M&A, exec moves and hiring — matched to your market, with the people to call.See plans →
FAZ Cred raises R$ 80 million in a new funding round to pivot towards private payroll loans. The fintech aims to expand its services in health and education sectors.
PRIVATEAug 07, 2026•2 days ago
Amount Raised
R$80 Million
Round Type
Venture - Series Unknown
Financial ServicesFinanceLending
Description
FAZ Cred, formerly known as Condolivre, has successfully raised R$ 80 million to transform its business model towards private payroll loans. The fintech has abandoned its original focus on credit for condominiums to capture opportunities in the health and education sectors. In just 60 days, the company tripled the volume of its contracts with this new focus. This strategic shift follows recent regulatory changes that expand access to payroll loans for workers.
Company Information
Company
FAZ Cred
About
FAZ Cred, formerly known as Condolivre, is a fintech specializing in payroll loans. Initially founded to provide credit for condominiums, the company pivoted its business model to focus on broader sectors such as health and education in response to new market regulations. With significant investor interest, FAZ Cred has quickly adapted to take advantage of the expanding market for private payroll loans.
