- Jeff raises $2M for expansion.
- Platform uses alternative data for financial access.
- Targets India and Mexico after Southeast Asian success.
Crunching numbers, not credit scores
Financial marketplace Jeff has raised $2 million in late-stage seed funding from Czech-based Presto Ventures.
Founded by Latvian entrepreneurs in 2019, leverages alternative data points like device screen size and email activity to help underbanked populations access financial services.
Jeff’s platform allows users to compare and find tailored financial products such credit cards, loans, and insurance.
Since its launch, approximately 6 million people have accessed 60 million financial products through the service.
The company generates revenue by providing valuable user data to banks and fintech firms.
Eyes on new horizons
Following its success in Southeast Asian markets, Jeff now plans to enter India and Mexico.
Co-founder Toms Niparts believes India’s large population and digital service adoption make it an attractive market, despite established competitors.
The company’s focus on alternative data has helped it compete effectively in current markets, particularly benefiting financial players in emerging economies.
To read the original article: https://www.techinasia.com/financial-marketplace-jeff-raises-2m-india-mexico
