Creditas

img São Paulo, Brazil

Creditas, a financial technology company, operates a digital platform which offers secured consumer loans.

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Fintech ADDI raises US$15 million through Quona Capital

5 days ago

Contxto – Funding may be tight within the current Covid-19 context, but some startups are still closing equity deals. This is fintech ADDI’s case. Yesterday (21), the loaning startup announced it received a capital injection for US$15 million in an investment round led by Quona Capital. Other contributors include Foundation Capital, S7 Ventures, as well […]

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Despite setbacks, SoftBank says it still has faith in its Latin American startups

6 days ago

Contxto – To say that 2020 has been a tough year for Japanese investor, SoftBank, is an understatement. Its first US$100 billion Vision Fund may very well be its last, as it acknowledged a US$18 billion loss for its recent fiscal year last Monday (18). The struggle for profitability, coupled with coronavirus has put some […]

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More coronavirus-related layoffs in Brazil… This time it’s GetNinjas, Conta Azul, and Oyo

1 month ago

Contxto – Recessions are industry-agnostic things and job cuts continue for all sorts of startups across Latin America. In Brazil, marketplace GetNinjas, fintech Conta Azul, and Indian hospitality startup Oyo’s Brazilian offices have confirmed layoffs. Brazil hosts the region’s most robust startup ecosystem. So knowing how it’s evolving can offer a glimpse as to what […]

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Fintechs face tough layoff decisions, but not all are honest about it…

1 month ago

Contxto – Not even fintechs are immune to coronavirus (Covid-19). In recent weeks, three startups, Créditas, Neon, and C6 Bank from Brazil, as well as Kueski from Mexico announced layoffs. Interestingly, many of these startups claimed it was unrelated to Covid-19. But there are grounds to think otherwise… “It wasn’t Covid-19, I swear,” say fintechs […]

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Fintech Creditas to hire 2,000 and offer new services in 2020

2 months ago

Contxto – Last Friday (13), Brazilian fintech Creditas announced the manpower it will need for its 2020 plans. The startup aims to increase from its 1,500 staff members to 2,000 by year’s end. All this hiring is so Creditas can expand the types of loan-related solutions it offers in Brazil, as well as bring these […]

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Accion, Quona launch US$203 million fund to promote financial inclusion

2 months ago

Contxto – You’ve probably heard of Quona Capital when we talked about the historic mark of US$57.5 million seed equity and debt round that Klar set back in November of last year. Additionally to leading this unprecedented round in Latin America, Quona Capital also participated in Contabilizei’s Series C, Kovi’s Series A, and Neon’s Series […]

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Transformação Digital closes US$1.1 million with EQI Investimentos to cover more events

3 months ago

Contxto – Content blog-turned-startup Transformação Digital recently raised R$5 million (US$1.1 million) in a seed round with EQI Investimentos. The startup’s platform allows users to view live or recorded events. And in 2019 it covered eight in various topics including marketing, entrepreneurship, finances, among others. What’s more, it worked alongside big-names like IBM, fintech Creditas, […]

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Top 5 Venture Capital funds in Argentina

3 months ago

Contxto – If Chile’s venture capital (VC) scene is crowded for such a small country, all while keeping swift and nimble—as we saw in last week’s VC ranking—, then this week’s featured country packs a punch with a just handful of players.  Related articles: Top 7 Venture Capital funds in Chile The financial and economic […]

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SoftBank to invest US$1 billion in Latin America in 2020

3 months ago

Contxto – SoftBank is one unpredictable venture capital (VC) firm. Less than a month ago, a rep on behalf of the Japanese conglomerate stated that it would be focused on loaning startups. A few weeks later and now it’s saying something rather different. In a press meeting in Argentina, Andrés Freire, Managing Partner for SoftBank’s […]

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SoftBank looks for loaning startups from Latin America

3 months ago

Contxto – It’s said that actions speak more loudly than words. But, words tend to be more binding and less open for interpretation. And Andre Maciel, Managing Partner at SoftBank, in a recent statement made the venture capital (VC) giant’s intentions clear. During a conference held last Wednesday in São Paulo, the executive stated that […]

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