Velotax
Velotax is a Brazilian digital credit platform offering unsecured personal loans and IRPF tax refund anticipation to underserved classes C and D consumers, with automated AI-driven underwriting, Pix disbursement in under 30 minutes, and 3M+ app downloads since 2020.
- Company typePrivate
- Founded2020
- HeadquartersSão Paulo, Brazil
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Velotax does
Velotax is a Brazilian digital credit platform founded in 2020 by former J.P. Morgan executives Victor Savioli and Eduardo Esmanhotto, headquartered in São Paulo. The company targets Brazilian consumers in classes C and D — a demographic typically underserved by traditional banks due to lack of formal income documentation or negative credit history — and offers two core products: unsecured personal loans ranging from R$250 to R$1,500, and IRPF tax refund anticipation loans ranging from R$240 to R$7,000. The platform operates 100% online through a mobile app and website, with credit decisions executed in seconds using AI-driven analysis over Open Finance data, and disbursement via Pix within 30 minutes of approval. Velotax acts as a Correspondente Bancário for Via Capital Sociedade de Crédireto S.A., which holds the Banco Central do Brasil lending authorization.
The technology stack centers on automated real-time underwriting without human intervention, integrated with Pix instant payment rails and digital identity verification via CPF. The IRPF anticipation product uniquely approves negatively-scored borrowers because repayment is automatically deducted from the guaranteed Receita Federal refund, effectively turning the tax refund itself into collateral. Velotax has achieved 3M+ app downloads, R$100M+ in cumulative credit originated since 2024, and holds the RA1000 maximum reputation seal from Reclame Aqui (9.3/10 rating, 95.8% complaint resolution). The company earned R$125M in Series A funding in October 2025 led by QED Investors with Valor Capital Group and Picus Capital, earmarked for expanding the product portfolio beyond the seasonal IRPF period into year-round personal lending.
Velotax firmographics
Firmographics- Name
- Velotax
- Legal name
- VELOTAX SERVIÇOS DE TECNOLOGIA LTDA
- Website
- https://velotax.com.br
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Velotax is a Brazilian digital credit platform offering unsecured personal loans and IRPF tax refund anticipation to underserved classes C and D consumers, with automated AI-driven underwriting, Pix disbursement in under 30 minutes, and 3M+ app downloads since 2020.
- Ownership category
- akta.pro rank
Velotax industry classification
Industry- Product category
- Consumer Lending
- NAICS
- Nondepository Credit Intermediation (5222)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Tax Refund Anticipation Loans (RAL) & Refund Advances (FSAKAOAG)
- akta.pro secondary industry
- Refund Anticipation Loans (RAL) & Tax Advance Credit (FSAKAMAH)
Keywords
Where Velotax is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices2 records
Markets served
Velotax business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Personal Loan Interest Income: Velotax earns interest income on unsecured personal loans extended through its platform. The interest rate starts at 5.0% per month (80.0% per year), with the Custo Efetivo Total (CET) including interest plus IOF and any applicable charges. Loans range from R$ 250 to R$ 1,500 for personal loans. The company acts as a Correspondente Bancário (banking correspondent) for Via Capital — Sociedade de Crédito Direto S.A., which is the actual lender.
- IR Tax Refund Anticipation Fee: Velotax charges fees on IRPF refund anticipation loans. The anticipation is structured as a loan with interest and IOF, where the repayment is automatically deducted when the Receita Federal pays out the refund. Anticipation amounts range from R$ 240 to R$ 7,000. Minimum viable refund for anticipation is R$ 600.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Personal loan from R$ 250 to R$ 1,500; interest from 5.0% per month; 240-day maximum term; no annual/monthly fees. |
| Transaction based/ take rate | Pay-as-you-go | IR tax refund anticipation from R$ 240 to R$ 7,000; interest from 5.0% per month; automatic repayment when refund is paid. |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Velotax product offering
Product offeringCore offering
Velotax is a Brazilian digital credit platform that originates unsecured personal loans (R$250–R$1,500) and income tax refund advances (R$240–R$7,000) to underserved consumers in classes C and D, with automated credit analysis via Open Finance and PIX disbursement within 30 minutes of approval. It operates 100% online through a mobile app and website, charging interest starting at 5.0% per month and displaying full CET cost transparency before acceptance. Velotax acts as a Correspondente Bancário for Via Capital — Sociedade de Crédico Direto S.A., which is the regulated lender of record.
Product overview
Velotax is a Brazilian digital credit platform offering two core products: (1) Empréstimo Pessoal, a collateral-free personal loan of R$ 250 to R$ 1,500 with automated credit analysis via Open Finance and PIX disbursement; and (2) Antecipação da Restituição do IRPF, an income tax refund advance of R$ 240 to R$ 7,000 that approves applicants even with negative credit records since repayment is secured by the guaranteed tax refund. Both products operate 100% online through the mobile app and website, with credit disbursed via PIX within 30 minutes of approval. Velotax acts as a correspondent bank for Via Capital — Sociedade de Crédito Direto S.A., enabling the underlying credit operations. The company also provides educational tools including a loan calculator and a financial literacy blog authored by the founding team.
Differentiator
Problem solved
Functional benefit
Products and services
- Empréstimo Pessoal (Personal Loan) Collateral-free personal loan ranging from R$250 to R$1,500, originated 100% digitally through the Velotax app or website. Approval uses automated credit analysis over Open Finance data with no requirement for income documentation. Funds are disbursed via PIX within 30 minutes after approval. Maximum term of 240 days. Does not approve applicants with negative credit records.
- Antecipação da Restituição do IRPF (Income Tax Refund Advance) Advance on the borrower's IRPF income tax refund ranging from R$240 to R$7,000 (minimum viable refund R$600). Underwritten against the guaranteed refund from Receita Federal, which allows approval of borrowers with negative credit scores. Fully digital process with PIX disbursement within 30 minutes of approval and automatic repayment when the refund is paid out by Receita Federal.
Quantifiable outcome
- 3 million+ Brazilians have downloaded the Velotax app and accessed credit products
- +5 more outcomes
Companies that use Velotax
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles2 records
Velotax technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
Velotax partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Via Capital — Sociedade de Crédito Direto S.A.coreVelotax operates as a Correspondente Bancário (banking correspondent) for Via Capital — SCD, a directly licensed credit society authorized by Banco Central do Brasil. All credit operations are conducted through this institutional partnership. CNPJ 48.632.754/0001-90. The relationship enables Velotax to originate loans under Resolution CMN 4.935/2021 while Via Capital provides the lending infrastructure and regulatory authorization.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Velotax competitors and assessment
Company assessmentDirect peers
- Creditas: Brazilian digital consumer lending platform offering secured and unsecured personal loans to mass-market and classes C/D borrowers. Same Picus Capital and Valor Capital investors, similar correspondent-banker model, and same target demographic make Creditas the closest comparable peer.
- Kredito: Brazilian online lender focused on small-ticket personal loans for underserved borrowers, operating via a digital application flow. Directly comparable product, ticket size range, and customer segment to Velotax's personal loan offering.
- Geru: Brazilian online consumer lending fintech using alternative data and automated underwriting to serve borrowers rejected by traditional banks. Closely aligned business model, technology stack, and target customer as Velotax.
Emerging players
- Will Bank: Brazilian digital bank focused on the lower-income and underserved segment, offering accounts, cards, and credit products. Competes for the same end-customer as Velotax but with a deposit-account-centric model rather than a loan-origination model.
- RecargaPay: Brazilian mobile financial-services super app serving classes C/D with Pix, prepaid, and credit products. Overlaps with Velotax's target segment and product set, but anchored in payments and prepaid rather than personal loans.
Broad incumbents
- Nubank: Brazil's largest digital bank offering personal loans, credit cards, and PIX to tens of millions of customers, including classes C/D. Direct overlap in target customer and personal-loan product; broader portfolio and deeper capital base.
- Banco Inter: Brazilian digital bank offering personal loans, payroll loans, and PIX to mass-market and SME customers. Competes in the same consumer-credit category from a much broader banking platform.
- C6 Bank: Brazilian digital bank with consumer credit, credit cards, and PIX for individuals and SMEs. Same overall category and customer overlap as Velotax, with a broader banking product suite.
- Mercado Pago: Fintech arm of Mercado Livre offering consumer credit, PIX, and merchant services to Brazil's mass market. Reaches Velotax's customer base through merchant credit and digital account features.
Regional players
- Banco BMG: Brazilian bank historically focused on payroll-deductible and consumer credit for lower-income earners and INSS beneficiaries. Long-standing player in the same subprime consumer-credit category as Velotax, primarily physical-channel but increasingly digital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Velotax social profiles
Digital presenceVelotax compliance and trust
Trust signalCompliance1 record
Velotax financial estimates
Financial estimateRevenue estimate
Valuation estimate
Velotax leadership team
Management profileNumber of profiles
Profiles2 records
Velotax funding detail
Funding detailFunding overview
Funding rounds3 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Velotax M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Velotax
What does Velotax do?
Velotax is a Brazilian digital credit platform that originates unsecured personal loans (R$250–R$1,500) and income tax refund advances (R$240–R$7,000) to underserved consumers in classes C and D, with automated credit analysis via Open Finance and PIX disbursement within 30 minutes of approval. It operates 100% online through a mobile app and website, charging interest starting at 5.0% per month and displaying full CET cost transparency before acceptance. Velotax acts as a Correspondente Bancário for Via Capital — Sociedade de Crédico Direto S.A., which is the regulated lender of record.
Is Velotax a public or private company?
Velotax is a private company. It is classified as venture growth investor backed and is currently operating.
When was Velotax founded?
Velotax was founded in 2020. It employs 11 to 50 people.
Where is Velotax based?
Velotax is headquartered in São Paulo, Brazil, in the Latin America region.
How does Velotax make money?
Two revenue lines are on record. Personal Loan Interest Income is the primary driver. The others are IR Tax Refund Anticipation Fee.
Who are Velotax's main competitors?
Direct peers on record are Creditas, Kredito and Geru. Emerging players are Will Bank and RecargaPay. Broad incumbents are Nubank, Banco Inter, C6 Bank and Mercado Pago. Banco BMG is listed as a regional player.
Does Velotax have an API?
No public API is recorded for Velotax.
What industry is Velotax in?
Velotax's product category is Consumer Lending. Its primary akta.pro industry code is FSAKAOAG, Tax Refund Anticipation Loans (RAL) & Refund Advances, with a secondary code of FSAKAMAH, Refund Anticipation Loans (RAL) & Tax Advance Credit. Its NAICS code is 5222 and its SIC code is 6141.