Brazilian Creditas raises $260 million

Brazilian secured lending platform Creditas reached a valuation of US$4.8 billion following a Series F funding round of US$260 million.

Fidelity Management and Research Company, Actyus and Greentrail Capital joined the round, alongside existing shareholders QED Investors, VEF, SoftBank Vision Fund 1, SoftBank Latin America Fund, Kaszek Ventures, Lightock, Headline, Wellington Management and Advent International, through their subsidiary Sunley House Capitale.

Founded in 2012, Creditas is a digital first secured lending platform, whose mission is to reduce the debt burden of Brazilian consumers by offering consumer loans at more affordable rates using borrower guarantees such as houses, automobiles and payroll.

The company says it will use the funding to help it expand its operations to provide a comprehensive platform including fintech products, insurance, and marketplace offerings to provide a “one-stop solution for those looking for a first-time experience.” digital in everything related to their homes, cars, motorcycles and salary benefits”.

Sergio Furio, CEO of Creditas, adds: “We plan to continue our growth by nurturing and expanding our ecosystem, for example by providing financial solutions to our market customers, launching new products, expanding our geographical reach (including including our recent successful entry into Mexico and the expansion of our technology hub in Valencia, Spain) and the selective pursuit of strategic M&A opportunities. »

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