Stratus Group invested an undisclosed amount in CreditCorp, a Brazil-based provider of credit solutions to SMEs.
(Startupi) Stratus, one of the most traditional private equity managers in the country, acquired a stake in CreditCorp, a company that provides access to current credit for small and medium-sized businesses. Creditcorp has already carried out more than BRL 500 million in operations since the beginning of its activities in 2018 and expects to exceed BRL 12 billion in the next two years. The value of the investment was not disclosed.
With 20 years of experience investing in midsize companies, Stratus identified the quality and potential of the solutions developed by CreditCorp to address a gigantic and underserved market, whose potential is even greater undercurrent macroeconomic conditions.
CreditCorp’s business model consists of developing credit offers based on transactions supported by receivables of various types (NFe, NFS, CTe, credit cards, commercial and service contracts, etc.), uniting companies and investors, using intensive technology to increase efficiency at all stages of the process and allow an attractive and scalable offer.
The company was founded by Luiz Castello Branco, an executive with extensive experience in the financial market. “There is enormous potential to improve the supply and access to credit for small and medium-sized companies”, guarantees Castello Branco. “With our technology-supported model, we allow companies to access credit solutions easily and quickly and at an extremely competitive cost and term conditions. At the same time, investors have access to a new alternative to invest their resources, with an attractive risk and return profile”.
CreditCorp’s platform allows medium and large companies providers to manage their receivables in a simple way and access bond discount offers that can be executed in a few minutes. At the same time, through partnerships with providers of management systems, it offers direct credit to assignors who seek financing options from their providers of management and administrative solutions.