Aro

Aro is a Brazilian credit platform that uses conversational AI, Open Finance data and credit bureau data to help individuals find a suitable loan. It covers personal loans, payroll-deducted CLT loans, credit secured by a mobile phone and options for people with negative credit records. Aro searches more than 40 partners regulated by the Central Bank of Brazil in one request. If credit is not available yet, it explains what to fix first, such as renegotiating debts or improving the score. The service is free for users, and Aro earns a commission from partners when a loan is taken. Aro states it is not a bank and does not lend itself. The company says 700,000+ people have used it and that sign-up, analysis and contracting take 17 minutes on average.