SoftBank leads $231M investment round for Creditas

LatAm List – Creditas, a Brazilian lending platform, is now valued at $750M after a new $231M investment round led by SoftBank, a Japanese tech giant 

Creditas specializes in loans that carry lower interest rates than traditional bank loans. With this new capital, the lending platform will be able to expand their product portfolio, improve their technology, and start to offer payroll loans– a market nearly untouched by banks. 

“In the future, loans will be more than money, they will be part of a full solution offered to clients,” said Sergio Furio, Creditas’ Founder and CEO.

Vostok Emerging Finance, Santander InnoVentures, and Amadeus Capital were already investors in Creditas and are also participating in this funding round. 

Read more on Reuters.