Brazilian B2B2C rental-guarantee proptech CredAluga raised $3.9M in a round led by Caravela Capital. Honey Island by 4UM, Norte Ventures, Terracotta Ventures, and FJ Labs also participated in the round.
CredAluga will use the funds to invest in technology, develop new financial products, and expand in Brazil.
“We operate in the market of replacing individual guarantors and we aim to launch other products that eliminate the need for such guarantors. We will also launch products in partnership with other companies, such as insurance developed together with insurance providers, with the goal of improving the rental experience for tenants, real estate agencies, and property owners,” said Daniel Santos, CredAluga’s Co-Founder and Co-CEO.
Founded in 2022 by Guilherme Blumer and ex-Casa Mineira (acquired by Quinto Andar) Founder Daniel Santos, CredAluga serves over 500 real estate agencies in Brazil.
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