Creditas, a financial technology company, operates a digital platform which offers secured consumer loans.
Contxto – The speculations were true; the Japanese conglomerate Softbank has invested US$231 million in the Brazilian fintech startup, Creditas. The round set the company’s valuation at US$750 million post-money. Last month, we may have jumped the gun. Previously, we reported that Creditas raised a US$200 million round at a US$700 million valuation, according to […]Read More
Contxto – We cover a lot of fintech excitement at Contxto. Every day there seems to be another Latin American startup making headlines based on masterfully combining finance and technology for enhanced user lives. Today’s latest comes from Brazilian fintech Creditas. The SoftBank-backed startup recently announced that it received over 800,000 applications from January to […]Read More
Contxto – SoftBank appears to be in official talks with Brazilian fintech startup Nubank over an investment deal worth up to US$1 billion, according to recent reports. In Summary “Talks are in the initial stage and final values have not yet been determined,” said an anonymous source. Sources also say SoftBank, the Japanese conglomerate with […]Read More
Contxto – Following recent investments in Clip and Rappi, SoftBank returns to the headlines. This time, the Japanese conglomerate is presumably strategizing with Brazilian startup, Creditas, over a US$230 million investment. In Summary If things come into fruition, the megafund will supposedly carry out the investment in a split between two of its funds. Based […]Read More