Brazilian fintech Creditas raises $50 million in Series F extension

Oluwajuwonlo Afolabi -

Creditas, a fintech startup based in Brazil offering secured lending and financial services has raised $50 million in its Series F extension round from Andorra, and a partnership with Andbank.

  • The partnership involves Creditas buying the banking license belonging to Andbank in Brazil.
  • The license is valued at $95 million awaiting regulatory approval in the country.
  • The fintech firm also raised $150 million in convertible debt equity with which it has acquired Kzas, a real-estate marketplace, and invested in electric motorcycle maker, Voltz Motors.
  • It last raised its Series F in January at a $4.8 billion valuation.