Simpson Thacher is representing Creditas Financial Solutions, Ltd. in its $260 million Series F funding round. New investors in the funding round include Fidelity Management and Research Company, Spanish fintech fund Actyus and Greentrail Capital. Previous investors including QED Investors, VEF, SoftBank Vision Fund, SoftBank Latin America Fund, Kaszek Ventures, Lightrock, Headline, Wellington Management and Advent International, via their affiliate Sunley House Capital, also participated in the round, which values Creditas at $4.8 billion.
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, Jacob Gindt and Marina Hernandez (M&A); William Brentani, Grenfel Calheiros, Paulo Cardoso and Siddharth Fresa (Capital Markets); Jonathan Goldstein and Brian Mendick (Tax); David Rubinsky and Harry Hudesman (Executive Compensation and Employee Benefits); and Genevieve Dorment (Intellectual Property).