VEF demonstrates strong momentum entering 2026, highlighted by Creditas' acquisition of Andbank Brazil and a successful funding round, positioning them for continued growth in the burgeoning Brazilian fintech sector.
Target Overview: VEF
VEF is transitioning into 2026 with robust confidence and notable momentum, reflecting successful business growth over the past two years. The culmination of this momentum was particularly evident in the final quarter of 2025, with significant achievements documented in the Year-End Report by CEO Dave Nangle.
As of the end of 2025, VEF reported a net asset value (NAV) per share of SEK 3.93, marking an increase of 5% both quarter-over-quarter and for the full year. The total NAV in USD reached USD 433.8 million, which represents a 7% increase quarter-over-quarter and an impressive 23% increase for the fiscal year.
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Industry Overview in Brazil
The Brazilian fintech sector has witnessed substantial growth, defined by a rapid increase in investments and innovation. The rise of digital banking and
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Disclosed details
Transaction Size: $108M
Revenue: $109M
Enterprise Value: $3,300M
Equity Value: $3,300M
Multiples
EV/Revenue: 30.2x
P/Revenue: 30.2x