B Impact Report

Logo for Avante

Avante

Payments, Credit, Financial Services
Certified Since: July, 2014
Location: Sao Paulo, Sao Paulo, Brazil
Sector: Service with Minor Environmental Footprint

Overall B Impact Scoreinfo_outline

136.1

The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

avante.com.vc

Avante is empowering the massive underserved sector of micro-entrepreneurs across Brazil, by providing them an advanced suite of FinTech services. Its disruptive combination of Credit, Insurance and Payments makes it the largest MFI in Brazil, spearheading impact by technology and Innovation.

As +40 million micro-businesses continue to be underserved by the financial industry, Avante is focusing on providing a micro-finance one-stop-shop to businesses operating in "the base of the pyramid". The company's grand mission is to humanize financial services to audiences suffering from Financial Exclusion.

With over R$200 million in concession, Avante is impacting the lives of tens of thousands of individuals and their families suffering from financial exclusion, rapidly gearing with new technologies and disrupting Brazil's financial landscape. Its combination of Credit, Insurance and Payments, offer a ground-breaking approach to class E/D businesses, certifying the company as a B Corporation and 2018 B Corp Best for the World honoree.

Headquartered in São Paulo with its Innovation Lab established in Tel-Aviv, the company is one of the fastest growing Brazilian financial organizations, employing 200 people.

Best for the World Honoreeinfo_outline

linkBest for Overall 2019 linkBest for Governance 2019 linkBest for Customers 2019 linkBest for Overall 2018 linkBest for Changemakers 2018 linkBest for Customers 2018 linkBest for Overall 2017 linkBest for Community 2017 linkBest for Customers 2017 linkBest for Customers 2016 linkBest for Overall 2016 linkBest for Overall 2015

Impact Area Scoresinfo_outline

info_outlineOverall B Impact Score

To certify as a B Corp, a company must achieve a minimum verified score of 80 points on the B Impact Assessment. The B Impact Assessment asks questions about how the day-to-day operations of a company create positive impact for the company’s workers, community, and environment. Additionally, companies can earn further points if their overall business model can be shown to create positive social and environmental impact as well, qualifying the company for specific Impact Business Model points.

Scores for Certified B Corporations are verified by the non-profit B Lab.

info_outlineImpact Area Scores

The questions in the B Impact Assessment are organized into five Impact Areas: Governance, Workers, Community, Environment, and Customers. Click into a Impact Area to see topics covered in each. Topics in blue are Impact Business Models associated with that Impact Area where the company has earned additional credit. Due to rounding, displayed totals may not add up exactly.

The B Impact Assessment is customized to a company's size, sector, and geographic market.  However, within those parameters, there are still questions included in the B Impact Assessment that might not be relevant to a particular company. In cases where a question is not applicable, the potential points available for that question are instead earned based on the performance of the company on the other topics relevant to the stakeholder and summed up as "N/A points." Likewise, a score of N/A for Workers means that the company is a sole proprietor or partnership with no full-time staff, and a score of 0 or N/A for Customers means that the company does not have a specific Customer-focused Impact Business Model.

Previous Overall B Impact Score

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info_outlineBest for the World Honoree

Each year, B Lab releases lists honoring the top-performing Certified B Corps in each Impact Area and overall, broken down by size, on the annual Best for the World lists.

info_outlineAdditional Documentation

B Lab may determine that a company should make additional material beyond their B Impact Report transparent in order for the public to be able to evaluate the company’s overall impact. This additional transparency may cover participation in a controversial industry, information shared on the company’s Disclosure Questionnaire, or simply a company’s relationship to a larger complex entity. Public companies and wholly-owned subsidiaries are required to make their full B Impact Assessments transparent to achieve B Corp Certification.