Creditas Auto was reportedly introduced with the objective of strengthening the relationship with Creditas’ existing customers, “providing consumers with a solution to buy, sell and trade a car.” According to the firm, there are clear synergies with their lending and insurance operation, with Creditas Auto… Read More
Brazil’s secured lending platform Creditas is getting ready to expand its product offering, after obtaining a banking license as well as a mortgage marketplace. The company is reportedly acquiring Brazil‘s banking license of Andorra’s Banco Andbank, allowing it to take customer deposits. As part of… Read More
Latin American Fintech Creditas today confirmed a $260 million Series F financing round, leaving it with a valuation of $4.8 billion. The company raised $829 million across six fundraising rounds. Fidelity joins as a new key shareholder along with Actyus (a Spanish fintech investment fund)… Read More
Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More
Fintech enthusiasts welcome back to my 5th annual “Top Ten” Fintech prediction series. This year I’ve met a lot of powerful movers and shakers in the Fintech space. My take away from these meetings and interactions is how little do I know about this ever-expanding… Read More
Brazilian lending firm Creditas has secured $255 million in capital as Fintech startups across Latin and South America continue to attract large investments. Creditas’ credit portfolio has reportedly surpassed 1 billion reals (appr. $196.66 million) and this latest funding round will value the firm at… Read More
Last week, Crowdfund Insider participated in the very first FinnoSummit event (hosted by LendIt) that addressed the Fintech marketplace in Latin America (LATAM). While in past years, much discussion has focused on Fintech in Asia and Europe, it is clear that Fintech is now experiencing… Read More
Brazilian digital secured lending platform, Creditas, successfully secured $250 million through its latest investment round, which was led by Japan’s SoftBank with participation from Vostok Emerging Finance (VEF). As previously reported, Creditas’ mission is to reduce the Brazilian consumer debt burden by offering consumer loans… Read More
Santander InnoVentures, the fintech venture capital fund of Santander Group, has invested in the startup Creditas, a leading Brazilian secured lending platform. Creditas is Santander InnoVentures, Santander’s USD 200 million corporate VC fund, first investment in Brazil and second in Latin America. Creditas increased of… Read More
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