Webrock's fintech company Lara partners with dental chain in Brazil
The partnership is expected to generate approximately SEK 190 million in new annual loan volume, which means approximately SEK 80 million in annual revenue from interest and service fees.
"With our rapid organic growth of clinics paying 7 percent service fee on each loan and generating a loan portfolio with 50 percent annual return, we have established a very efficient model to generate large revenues. The partnership with Odontocompany means that we will quickly go from 850 dental clinics to around 2,500, and dentistry is just one of several categories of care for which our platform is a perfect fit," said Pedro Vasquez, CEO of Lara.
Webrock Ventures owns 44.5% of Brazil Finance Group, which in turn owns 61% of Lara.
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