Brazilian fintech startup Altis raised $2.6M in equity and debt, with participation from Magma Partners and Latitud.
Altis enables car dealerships and resellers to offer embedded lending solutions to their customers.
Altis will use the funds to expand its financing capacity for end users, reinforcing its business model focused on integrated consumer credit, aiming to originate $10.3M in credit by 2025.
“We believe the true value lies in the relationship with the customer. Companies that already have this direct connection are best positioned to offer credit in a more personalized and efficient way,” said Luiz Bettega, co-founder of Altis.
Founded in 2024 by Pedro de Paula, Luiz Bettega, and Eduardo Renda, Altis has originated $860K in credit, serves a dozen clients and partners with over 80 vehicle dealerships.
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