Olipay
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Olipay (formerly mGrana) was a Sao Paulo-based fintech founded in 2017. It built an API-first embedded lending platform that let financial institutions, fintechs, wallets and marketplaces extend credit to underserved borrowers in Latin America, using AI-powered consumer insights drawn from disparate data sources to assess fraud, credit risk and collections.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded and seed round
Olipay was founded in Sao Paulo, Brazil, and closed a $500,000 seed round in August 2017.
- Out of business
Olipay ceased operations; company databases record an 'Out of Business' deal in May 2024 and list its ownership status as out of business. No public shutdown announcement or closure date was disclosed.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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