Search
Brazilian Lending Firm Creditas Secures $255 Million in Capital as Fintechs in Latin America Continue to Acquire Large Investments
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 approximately $1.75 billion. Notably, Creditas has acquired $570 million in outside financing through five different investment rounds.
Creditas is the latest firm to benefit from a surge in funding provided to Fintechs or financial services companies based in Latin and South America. Venture investments into Fintechs in the region have jumped from only around $50 million in 2014 to over $2.1 billion this year across 139 different deals, according to data from research firm CB Insights.