Creditas Raises $260 Million in a Series-F round, which Puts the Company in Decacorn Path with $4.8 Billion Valuation

Creditas on the path to become a Decacorn

Creditas, a Brazilian secured credit Fintech, raises $260 million in a Series-F round, which sets the company’s valuation at US$ 4.8 billion. Total equity raised is now at $829 million in six different rounds of fundraising.

The fundraising took place at a time when investors are more reticent about Fintechs. Still, Creditas attracted resources in a much higher rating than the previous round in December 2020, when it raised $225 million and was valued at $1.75 billion. 

The startup is expected to go public on the Stock Exchange later this year, aiming at a valuation between $7 billion and $10 billion placing the high fly Fintech in decacorn path.

The F-Series round brings Fidelity Management and Research Company as a new key shareholder of Creditas. Other new investors include the Spanish fund Actyus and Greentrail Capital.

Current shareholders QED Investors, VEF, SoftBank Vision Fund 1, SoftBank Latin America Fund, Kaszek Ventures, Lightock, Headline, Wellington Management and Advent International, through their affiliate Sunley House Capital, joined the round showing strong sentiment towards the future.

Creditas continues solid growth as it raises another $260 million

In addition to Brazil, Creditas has expanded significantly in Mexico after just 8 months of operation, the move which has proven to be a strategic engine for growth.

According to Sergio Furio, Creditas‘ CEO, Creditas can become a real disruptor in the Mexican market, being able to democratize access to financial products and consumer solutions.”

Furio adds further that the company will “continue growing by nurturing and expanding our ecosystem, providing financial solutions to our market customers, launching new products, expanding our geographical reach (including our recent successful entry into Mexico and the expansion of our technology hub in Valencia, Spain) and selectively seeking strategic M&A opportunities.”

The CB Insights 4th annual top 250 Fintechs Creditas is set to become the major credit alternative for Latin American credit consumers as it raises $260 million more capital to grow.

The Esquires and the Firms behind the Deal

Simpson Thacher & Bartlett LLP 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, employing over 1000 attorneys.

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.