Geru is a Brazilian lending marketplace created in

2013 offering personal unsecured term loans for

individuals and small business owners

Lending operations started in 2015, offering loans

ranging from R$ 2,000 to R$ 50,000 in 12 to 36

months terms

Rates are lower than market and vary from 25%

to 80% p.a., depending on the applicant’s score

2

Legal

Framework

Developed

Co-Founders

Join the Company

Partner Bank

Locked-in

Company

is created

ANGEL

ROUND

SEED

ROUND

Go Live!

R$ 16 mm

1st

Securitization Round

R$ 17 mm

2nd

Securitization Round

R$ 32 mm

3rd

Securitization Round

Credit

Model #2

SERIES A

ROUND

R$ 55 mm

4th

Securitization

Round

Credit

Model #3

R$ 150 mm

5th

Securitization

Round

M I L E S T ON E S

R$ 233 mm

6th

Securitization

Round

JUN/13 DEC/13 FEB/14 SEP/14 DEC/14 MAR/15 JUL/15 DEC/15 MAR/16 JUL/16 NOV/16 DEC/17MAR/17 MAY/17

New

Product

Launch

Payroll

Loans

3

(*) 6th Issuance is currently in allocation period. As of May 1st, 2018.

P O R T F O L I O

Geru’s daily loan issuances have showed a positive and balanced trend, with growth periods following the evolution of the

credit score models

Loans issued daily

R$ 110.2MM(*)

R$ 1,312K/day

R$ 151.3MM*

R$ 1,164K/day

R$ 16.8MM

R$ 89K/day

R$ 18.4MM

R$ 155k/day

R$ 31.5MM

R$ 248K/day

R$ 52.2MM

R$ 580K/dayAcc / DailyTotal issued

R$ / day

0

0,5

1

1,5

2

2,5

3

3,5

Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18

Milh

ões

1st Issuance 2nd Issuance 3rd Issuance 4th Issuance 5th Issuance 6th Issuance

4

LOAN REQUESTS

N A T I O N A L F O O T P R I N T

Source: Geru January 2017

GRANTED LOANS

5

Home Simulation Form Decision /

Offered Terms

ID Upload +

Selfie

Proof-of-address Contract

Signature

Internal

Validations

Funding Cash

Received

Dashboard Payments1

Business

day

10

minutes

P E R S O N A L L O A N S B O R R O W E R F L O W

6

Source: Geru – As of May 2018.

B O R R O W E R D E M O G R A P H I C S

OCCUPATION AGE EDUCATION

MARITAL STATUSGENDER

Private sector

employee

Civil Servant

Entrepreneur

Self-employed

Retired and

Pensioner

Freelancer

Other

42.4%

16.0%

15.8%

9.7%

6.9%

4.8%

4.3%

Female Male

37.3% 62.7%

18-24

1.6% 30.6% 35.1% 30.1% 2.6%

25-34 35-44 45-64 +65

2.3%

Elementary

School

18.6% 15.5% 41.1% 22.5%

High School College

Drop-out

Postgraduate

Married

50.7%

College

Education

Single

31.1%

Divorced

9.5%CL

Marriage

7.1%

Widower

1.6%

Up to

R$ 1.000

0.1% 21.0% 34.5% 31.6% 12.9%

Up to

R$ 3.000

Up to

R$ 5.000

Over

R$ 10.000

Up to

R$ 10.000

MONTHLY INCOME (IN R$)

GERU TECNOLOGIAE S E R V I Ç O S S . A .

GERU SECURITIZADORAD E C R É D I T O S F I N A N C E I R O S S . A .

Partner

Bank

SERVICE COMPANY FINANCING VEHICLE

Loan Application

Full compliance with Brazilian Laws and Regulations, based on

an issuing bank and a securities issuer

Investment in notes (debentures)

Portfolio

Underwriting & Funding

Issu

e

Lo

an

s

Deb

t O

blig

ation

(CC

B)

Investment in debt obligations (allocation)

Transfer of debt obligations (CCBs)

Lin

k th

rou

gh

Se

cu

ritiza

tion

Payments

Payments

Pa

ym

en

ts

Service Fee (5%) Service Fee (3%)

Borrowers

Platform

Investors

C U R R E N T L E G A L S T R U C T U R E

8

ISSUER: GERU SECURITIZADORA DE CRÉDITOS FINANCEIROS S.A. | LEGAL ADVISOR: MATTOS FILHO ADVOGADOS

AUDIT: KPMG | BOOKKEEPING: ITAÚ UNIBANCO S.A. & BRADESCO S.A. | FIDUCIARY: PENTÁGONO DTVM S.A.

1st Issuance

Debentures

1st Credit

Portfolio

2nd Issuance

Debentures

2nd Credit

Portfolio

3rd Issuance

Debentures

3rd Credit

Portfolio

Nth Issuance

Debentures

Nth Credit

Portfolio

GERU SECURITIZADORA

RISK SEGREGATION

• Investor returns are directly linked to credit portfolios

• Securitization segregates risk between portfolios

• Securitization company does not take credit risk

PAYMENT MECHANISM (FORWARD FLOW)

Debenture

Holders

Credit

Portfolio

Temporary

Liquid

Investments

GERU SECURITIZADORA

All cash received by the securitization company is distributed monthly toinvestors (including the proceeds from investing the funds in low riskliquid investments)

1st Issuance:

2nd Issuance:

3rd Issuance:

4th Issuance:

5th Issuance :

6th Issuance (SR):

6th Issuance (JR):

ISIN Codes of Issued

Debentures [B]3

D E B E N T U R E S I S S U E D B Y T H E C O M P A N Y

BRGERUDBS008

BRGERUDBS016

BRGERUDBS024

BRGERUDBS032

BRGERUDBS040

BRGERUDBS057

BRGERUDBS065

9

14,8 13,7

48,2 46,2

Dec-15 Jun-16 Dec-16 Jun-17 Dec-17

Corporate Individuals

-2.0%430,8

334,6

dez/15 jun/16 dez/16 jun/17 dez/17

-96.3%

117,7 113,3

dez/15 jun/16 dez/16 jun/17 dez/17

-4,4%

287,0

323,0

dez/15 jun/16 dez/16 jun/17 dez/17

+36%

LOAN ALTERNATIVES VOL (R$) RATES (P.A.)

Real Estate 565 Bn 8.0%

Auto 150 Bn 22.2%

Payroll 310 Bn 25.9%

Non-payroll 102 Bn 113.3%

Overdraft 22 Bn 323.0%

Credit card 201 Bn 334.5%

Source: Brazilian Central Bank and Geru as of January, 2018

With rates between 25% and 80%, Geru is very

competitive compared to the alternatives

Interest rates & banking spreads decreased but

remain extremely high compared to developed

markets

I N T E R E S T R A T E S I N B R A Z I L

Non-Payroll

Credit Card

Overdraft

Banking Spreads

Unsecured

10

PROFILE INFORMATION

Personal data

Current address

Previous addresses

Employment history

CREDIT HISTORY

Number of accounts (both open and closed)

Type of accounts (mortgage, installment, revolving or others)

Number of accounts that are past due and in good standing

Negative credit history

ACCOUNT DETAILS (EVERY ACCOUNT)

Account type

Account number

Date opened

Balance

Status

Payment history

Date of last activity

Credit issuer contact information

Summary of past-due

X

X

X

X

X

X

X

X

X

CONSUMER CREDIT DATA IN BRAZIL

Scores based on positive and negative payment history, the size of account balances and credit limits

Credit Scores & Bureau Inquiries

UNITED STATES

Scores based on negative payment history, default,recovery, and past credit

inquiries

BRAZIL

Source: FICO, Serasa Experian, Boa Vista Equifax and Geru. 11