Creditas Enters Into Strategic Partnership With Nubank
09.27.21
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Simpson Thacher represented Creditas Financial Solutions, Ltd. (“Creditas”) in connection with its strategic partnership with certain affiliates of Nu Pagamentos S.A. - Instituição de Pagamento (“Nubank”), which will allow Brazilian customers access to Creditas products and services directly through Nubank’s application.
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 included Naveed Anwar, Jacob Gindt and Marina Hernandez (M&A). Pinheiro Neto Advogados also advised Creditas.