Creditas to Receive $231 Million in Series D Funding Round Led by SoftBank
07.11.19
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Simpson Thacher is representing Creditas Financial Solutions, Ltd. in its $231 million Series D funding round, which is primarily being led by SoftBank Vision Fund and SoftBank Group Corp. The stake of the latter in Creditas is expected to be transferred to SoftBank’s newly created SoftBank Latin America Fund. Vostok Emerging Finance, Santander InnoVentures and Amadeus Capital, which are already current investors in Creditas, are also participating in the round. The round values Creditas at $750 million.
Creditas is a financial technology company that operates a digital platform offering secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles, as collateral to offer loans.
The Simpson Thacher team includes Naveed Anwar, Atif Azher and Fiona Gillan (M&A); David Rubinsky and Erin Murphy (ECEB); Brian Mendick (Tax); and Marcela Robledo (IP).