Creditas Raises US$19 Million from IFC, Redpoint eVentures, Quona Capital and Others (Latin America)

Source(s): IFC, Startupi

Brazil-based digital credit platform Creditas has raised BRL60 million (approximately US$19 million) in equity and debt funding in a Series B round led by development finance institution International Finance Corporation (IFC), with participation from new investor Naspers Fintech and current shareholders Redpoint eVentures, KaszeK Ventures, QED Investors and Quona Capital. Creditas will use the capital to develop new distribution channels and reduce the minimum interest rate on the secured loans it offers from 2.15 percent to 1.99 percent per month.