Andbank Leads USD50m Series F+ for Brazilian Fintech Creditas

July 8, 2022
Creditas_Extension

Andorra-based private bank Andbank led a USD50m Series F+ for Brazilian fintech Creditas at the same USD4.8b valuation than the USD260m Series F led by Fidelity Management in January 2022.

(Reuters) – Brazilian financial technology lender Creditas is raising $200 million from investors and buying a bank as well as a mortgage startup as it moves to increase profitability, Chief Executive Sergio Furio said in an interview.

The SoftBank-backed firm, which operates an online platform offering consumer loans, is buying the Brazilian banking license of Andorra’s Andbank and will begin accepting deposits.

Read more at Reuters.

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