SStartup Funding

CredAluga raises $11M in Series A round led by Provence Partners

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CredAluga, a Brazilian fintech focused on rental financial solutions, raised $11M in a Series A round led by Provence Partners. Seed investors Caravela, Honey Island by 4UM, and Norte also participated.

CredAluga partners with real estate agencies to simplify rental guarantees and financing through products such as Fiança CredAluga and Fundo CredAluga.

CredAluga will use the funds to expand operations, develop new products, and invest in AI technology.

“Our goal is to accelerate growth and enhance our technology to deliver value to real estate agencies. We want to be the strategic partner for financial products,” said Daniel Santos, co-CEO of CredAluga.

Founded in 2022, CredAluga experienced over 200% growth last year, partnering with more than 1,300 agencies and managing 30,000 active rental contracts.

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Araceli is a marketer and has been a volunteer and organizer of Hackathons, Startup Weekends, and H/F Community. She's currently PR Manager at Magma Partners, where she helps startups to develop communication strategies in the United States and Latin America.

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