Fidelity Management led a USD260m Series F for Brazilian fintech Creditas at a reported USD4.8b valuation, with participation from Spanish investors Actyus and Greentrail Capital, and follow-on from KASZEK, QED Investors, VEF, SoftBank Vision Fund, SoftBank Latin America, Lightrock, Headline, Wellington Management and Sunley House Capital. Lightrock led a USD255m Series E in December 2020 at a reported USD1.75b valuation; SoftBank led a USD231m round in 2019.
(TechCrunch) – Brazilian lender Creditas announced today that it has raised $260 million in a Series F funding that values the company at $4.8 billion.
That’s up from the fintech’s $1.75 billion valuation at the time of its $255 million raise in December 2020. With the latest financing, São Paulo-based Creditas has now raised more than $829 million in funding over six rounds, with the bulk of that capital ($745 million) coming in over the last three years.
It’s a robust start to a new year that follows one which saw venture investments into fintech startups in Latin America skyrocket — to over $13.2 billion in 2021 compared to $2.3 billion in 2020.
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