WEEL
Acquired2 known investors
Accounts receivable financing platform using data science to create personalized rates and terms for clients.
Also known as WEEL · Weel Brasil
Investors · 2
Company profile
researched Aug 2026WEEL is a data and credit fintech that operated as a B2B online lender financing Brazilian small and medium-sized companies, with operations headquartered in both Israel and Brazil. The company applied machine learning and artificial intelligence to the Brazilian credit market, using proprietary technology across origination, data and decisioning to underwrite SME credit and produce optimized credit solutions.
WEEL positioned its core technical advantage as speed of onboarding and credit decisioning. Its origination platform and data and machine learning systems were designed to shorten user journeys for business borrowers. Following the June 2021 transaction with Banco BS2, these systems were slated to be incorporated into the bank's stack, and WEEL's team was to be fully integrated into BS2 as part of a combined banking-plus-credit offering for SMEs.
Business model
WEEL extended credit to Brazilian small and medium-sized businesses through an online lending platform, deploying capital to SME borrowers underwritten by its own data and machine-learning models [0].
Traction
Reached R$1 billion in deployed credit operations in 2020 and reported having deployed over $1 billion in capital for Brazilian SMEs as of 2021, with more than 15,000 customers in its database [0].
Latest developments
In June 2021 Banco BS2 announced the acquisition and merger of WEEL, combining the bank's digital banking portfolio with WEEL's credit origination, data and machine-learning technology to target the SME segment; the technology was to be incorporated into BS2 and WEEL's staff transferred to the bank [0].
▸Full profile — market position, technology, go-to-market, geography, history
Market position
WEEL was presented as a specialist SME credit provider in Brazil whose combination with Banco BS2 was intended to create an integrated banking and credit offering for small and medium-sized companies, a segment the parties described as underserved relative to individuals and large corporates. In 2021 it was named by the British magazine Daily Finance as one of the best fintechs in Brazil [0].
WEEL described itself as a pioneer in applying machine learning and artificial intelligence to the Brazilian credit market and claimed the fastest onboarding and decisioning process in its market, based on multiple proprietary technologies [0].
Technology
Machine learning and artificial intelligence applied to credit underwriting, comprising a proprietary origination platform plus data and machine-learning decisioning systems used to automate onboarding and credit decisions [0].
Go-to-market
Brazilian small and medium-sized enterprises seeking credit; the company reported more than 15,000 customers in its database [0].
Geography
Headquartered in both Israel and Brazil, with lending activity focused on Brazilian companies [0].
History
WEEL was founded by Simcha Neumark, who served as CEO. It built a Brazilian SME credit business backed by investors including Monashees Capital and Franklin Templeton. In 2020 it passed R$1 billion in deployed credit operations. In June 2021, Banco BS2 announced its acquisition of and merger with WEEL to form what the bank described as the first B2B neobank in Brazil; Neumark became a BS2 executive and board member, WEEL's staff was to be fully integrated, and WEEL's shareholders were to become BS2 shareholders pending regulatory approval [0].
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsBanco BS2 announced the acquisition of Israeli-Brazilian B2B lender WEEL, integrating WEEL's origination platform, data and machine learning systems and its full staff into the bank. Founder and CEO Simcha Neumark became a BS2 executive and board member, and WEEL shareholders including Monashees Capital and Franklin Templeton were to become BS2 shareholders subject to regulatory approval.
WEEL was elected by the British magazine Daily Finance as one of the best fintechs in Brazil.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 5
primary sources listed
- Banco BS2 and fintech WEEL merge to form the first B2B neobank in Brazilprnewswire.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does WEEL do?
- Brazilian-Israeli B2B credit fintech using machine learning to underwrite and finance small and medium-sized companies in Brazil.
- Who are WEEL's investors?
- WEEL's investors include Mindset Venture, MONASHEES.