| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | Brazil |
| Sector | Fintech |
| Total raised | R$120M (~$25M, 2016–2021) |
| Collapse type | Silent Shutdown |
| Founder | Rafael Pereira |
Tutu Digital
"Brazilian P2P lending fintech connecting retail investors with SME borrowers in Minas Gerais shut down in 2023 as the Selic rate at 13.75% made P2P lending structurally uncompetitive against fixed income."
Quiet closure with no public announcement
Key Events Timeline
Tutu Digital was founded in Belo Horizonte in 2016 as an online lending marketplace matching retail investors with small businesses across Minas Gerais.
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