Vostok Emerging Finance Leads US$50m Investment in Creditas

December 11, 2017
Vostok Emerging Finance Creditas LAVCA Venture Investors

Vostok Emerging Finance led a US$50m investment in Creditas (formerly BankFacil). This follows a R$60m Series B earlier this year led by the IFC, with participation from Naspers’ new fintech division in Latin America, and existing investors Redpoint eventures, KaszeK Ventures, Quona Capital, and QED Investors.

(Reuters) Swedish fund Vostok Emerging Finance led a 165 million reais ($50 million) investment in Brazilian financial-technology startup Creditas Soluções Financeiras Ltda, the company said on Monday.

Creditas, founded in 2012 and specialized in providing loans with real estate or vehicles as collateral, had a 135 million loan book last year.

Founder and CEO Sergio Furio said Creditas would use the new equity raised to grow its loan book 30 fold in three years. Investors in Creditas also include Kaszek Ventures LP, Quona Capital Management Ltd, Naspers Ltd and the International Finance Corporation, the investment arm of IRBD.

Some Brazilian fintechs that recently went through fundraising rounds are financial planning app GuiaBolso and credit card provider Nubank.

0
Facebook Twitter Google +

Submit VC News

Have private equity or venture capital related news that you would like to share? Submit your press releases and news to news@lavca.org.

Sector Tags

agribusiness AgTech Artificial Intelligence B2B Big Data biotech Cloud Computing Consumer/Retail delivery Digital Media & Entertainment Digital Security e-commerce ecommerce EdTech Education Energy Financial Services fintech Healthcare Healthtech Hospitality Human Resources Impact Impact Investing Information Technology Infrastructure IoT IT Logistics & Distribution Marketplaces Mobile Private Capital Private Equity Real Assets Real Estate Renewable Energy SaaS Social Networks Software Startup startups Technology Telecommunications Transportation venture capital

Geography Tags

Alquilando Argentina Argentine Austria Belize Bolivia Brasil Brazil Canada Canary Caribbean Central America Chile Colombia Costa Rica Dominican Republic Ecuador El Salvador Guatemala Honduras India International INTL Israel Jamaica Japan Kenya LatAm Latin America Mexico Miami Nicaragua Pan-Regional Panama Paraguay Peru Portugal Puerto Rico South Korea Spain United States Uruguay US USA Venezuela
LatAm Venture Bulletin

LatAm Venture Bulletin

The LatAm Venture Bulletin is a must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 6,000+ investors, entrepreneurs, and corporates bi-weekly.
Asset Class *

Tweets

Keep in touch

Twitter Linkedin Youtube