Andbank Group has led a USD 108 million Series G funding round for Brazilian consumer loan provider Creditas, valuing the company at USD 3.3 billion.
Target Information
Creditas is a prominent consumer loan provider based in Brazil, known for offering innovative financial solutions designed to assist individuals in achieving their financial goals. Established in 2012, the company has rapidly expanded its presence in the Brazilian market and is recognized for its customer-centric approach and diverse range of lending products, including secured loans and credit services.
The recent funding round of USD 108 million marks Creditas' Series G, elevating the company's valuation to USD 3.3 billion. This significant investment is aimed at enhancing its product offerings and expanding its services to better meet the needs of Brazilian consumers in today's dynamic economic landscape.
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Industry Overview in Brazil
The consumer finance industry in Brazil has experienced substantial growth over the past decade. With a population of over 213 million, there is a significant demand for consumer lending solutions. Trad
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Disclosed details
Transaction Size: $108M