Micro-Loan Provider Juvo Raises $40mn

The round was led by NEA and Wing Venture Capital; the company works with mobile operators to access consumers in emerging markets, offering pre-paid customers a micro-loan when they are low on data or minutes; through the app, users are also able to build up their credit over time and Juvo hopes to offer users more financial services products in the future; the seven carriers that Juvo works with also benefit by reducing customer churn and increasing revenue. Source