#Brazil
Fenwick Advised Open Co in $115 Million Series D Financing with Softbank
Fenwick’s team led by Eli Curi with associate Eugene Karlik.
Softbank Latin American Fund investment was joined by Raiz Investimentos, IFC and LTS Investments.
Fenwick advised Open Co, a Brazilian Fintech which offers low credit interest rates to consumers, in a $115 million investment round led by Softbank Latin American Fund with participation of Raiz Investimentos, IFC and LTS Investments.
Created earlier this year by the merger of the two leading consumer credit platforms in Brazil – Geru, Brazil’s first credit fintech, and Rebel, the first credit fintech to use AI to assess clients financial health – Open Co aims at providing a fair credit environment for consumers in need of credit, helping to solve the country’s long lasting credit problem. Brazil has one of the highest interest rate spreads in the world.
The proceeds will be used to boost Open Co’s expansion plans, with significant investments in technology and product development.
About Fenwick counseling of Open Co.
Fenwick & West LLP advised Open Co. in its $115 million investment from Softbank Latin American Fund and the original investors.
The Fenwick transaction team was led by corporate principal Eli Curi and associate Eugene Karlik.
Fenwick & West LLP is a California based law firm with offices in Mountain View, Santa Monica, San Francisco, Washington, Seattle, New York and Shanghai.
Beyond the Law.News was not informed of nor could it verify the name of the law firms representing or acting on behalf of the other parties.
Latinvex Recognizes Andre Thiollier as Top 100 Latin American Lawyer Among Global Law Firms
The 12th Annual Latinvex Top 100 Latin American Lawyers from Global Law Firms
Fintech Nomad Lands Series-B Round of $61 Million for The Largest Fintech Equity Finance Deal of the Year in Latin America
Foley & Lardner acted as legal counsel to Nomad and Wilson Sonsini represented the Tiger Group
Mexico’s Clara Raised $60 Million in Equity Round Led by GGV Capital
Foley & Lardner and Gunderson Deter acted as legal counsel in the transaction
Zuckerberg Invests in Beep Saude Alongside Banco Bradesco
TozziniFreire partners João Busin and Juliana Maluf represented Mark Zuckerberg's CZI and the investors
Agrolend Raises Series-B of $27 Million from Global Fund Lightrock
Agrolend, the Brazilian fintech for rural producers, raises its Series-B backed from global investment fund Lightrock. Lightrock poured in Agrolend...
-
#Brazil3 anos agoJe Suis Ukraine
-
#Brazil3 anos agoBrazil Credit Fintech TerraMagna Raised $40 Million Led by Softbank in Its First Entry into Farming
-
#Latinamerica3 anos agoLatin America Stands Out in November Venture Capital and Acquisition Activities
-
#Latinamerica3 anos agoHow Fundable is Your Startup
-
#Brazil3 anos ago
Agrolend Raises $14 Million All-Equity Series A Led by Valor Capital
-
#Brazil3 anos agoMattos Filho Advised Underwriters in Nubank’s IPO
-
#Brazil2 anos agoCarbonext Receives $40 Million from Shell for Carbon Credit Projects in Brazil’s Amazon
-
#Brazil2 anos agoGoldman Sachs Invests in Unico IdTech and Takes the Brazilian SaaS Startup Valuation above $2,5 Billion
-
#Brazil3 anos agoBrazil’s Grão Direto Lands Series-A2 from Agribusiness Powerhouses Cargill, Louis Dreyfus Company, Archer Daniels Midland Company and Amaggi Agro.
-
#Brazil3 anos agoBrazil’s Medway Lands Series-A Round of $15 Million Led by Softbank Latin American Fund
-
#Brazil3 anos agoDigital Private Pension Broker Saks Lands BRL 26 Million Seed Investment from Itaú-Unibanco’s Private Equity Fund Kinea and Canary
-
#Brazil2 anos agoBrazilian Fintech Marvin Lands Series-A of $15 Million Backed by American Early Venture Capital Canaan