Simpson Thacher Advised Creditas in Series F Round of $260 Million

Funds will be used to expand operations

Simpson Thacher & Bartlett LLP advised Brazil’s Creditas in its Series F Round of $260 million with new investors Fidelity Management and Research Company  and Spanish fund Actyus and Greentrail Capital backing the Brazilian Fintech.

QED Investors, VEF, SoftBank Vision Fund 1, SoftBank Latin America Fund, Kaszek Ventures, Lightock, Headline, Wellington Management and Advent International are the original investors.

Creditas is one of Brazil’s most successful Fintechs that operates with secured credit. The CB Insights 4th annual top 250 Fintechs Creditas has recently expanded its operation into Mexico with considerable penetration in that market.

About Simpson Thacher Advising Creditas Series F Round

Simpson Thacher & Bartlett LLP advised and acted as U.S. legal counsel to Creditas with Palo Alto partner Naveed Anwar leading the firm’s deal team.

With 11 offices, across 32 major practice areas and almost every industry sector, Simpson Thatcher is an international law firm headquartered in New York City.

Other Firms Behind the Deal

Fenwick & West LLP acted as legal counsel to the investors.

Fenwick & West LLP is a California based law firm with offices in Mountain View, Santa Monica, San Francisco, Washington, Seattle, New York and Shanghai.