| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | Brazil |
| Sector | Fintech |
| Total raised | R$60M (~$12M, BNDES FGI, impact investors, 2018–2022) |
| Collapse type | Silent Shutdown |
| Founder | Renata Zanini |
Noverde
"São Paulo fintech offering green credit lines to Brazilian SMEs raised R$60M before shutting down in 2023 as SME default rates hit 15%+ and the Selic rate made their cost of capital unprofitable."
Quiet closure with no public announcement
Key Events Timeline
Noverde was founded in São Paulo in 2018 with a differentiated thesis: offer SME loans tied to ESG commitments (lower rates for businesses that improved energy efficiency, reduced waste, or hired from underserved communities).
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