Loft acquires CredPago to expand services

LatamListLoft, the Brazilian proptech, announced the acquisition of CredPago, a real estate fintech. The transaction amount was not disclosed.

The transaction is Loft’s fifth acquisition, and the Brazilian unicorn now values at $3B following its most recent funding round.

CredPago offers a real estate rental service without the need for a guarantor. The acquisition will enable Loft to expand its client services and offer a wider range of property marketing solutions.

“CredPago’s products have total synergy with our business proposal, which is to facilitate the real estate transaction based on a more personalized service. We’re going to bring new financial products to real estate companies so they can serve their customers in an even better way,” said Mate Pencz, co-founder and CEO of Loft.

The CredPago platform will merge fully with Loft and the CredPago partners will receive minority shares.

Read more on Forbes.

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