In today’s FinTech news, Banking Circle is adopting USD Coin (USDC), while farming loan platform Tillable is growing its lending program. Plus, decentralized finance (DeFi) lender Teller is launching a buy now, pay later (BNPL) initiative for purchasing non-fungible tokens (NFTs). Banking Circle to Adopt...
Brazilian lender Creditas is raising $200 million and buying a bank and a mortgage startup in a move to bolster profitability, according to a Friday (July 8) press release. In an interview with Reuters Friday, Creditas CEO Sergio Furio said his company, which runs an...
Creditas, a Brazilian start-up specializing in insurance, consumer loans and used car sales, has raised $260 million in a funding round that valued the company at $4.8 billion. As the Financial Times reported Tuesday (Jan. 25), this financing comes as investors continue to bet on...
SoftBank Group is considering a gamble on Brazil and might advise high-growth firms to invest in the country, Reuters reported on Friday (Sept. 21). “We have around 40 companies that fit in Brazil,” the group’s head in Brazil, André Maciel, told the news outlet during...
July 28, 2022
South American eCommerce giant MercadoLibre and Brazilian financial service firm Creditas have joined forces to allow MercadoLibre users to apply for used car loans in Mexico. MercadoLibre’s head of autos in Mexico, Jaime Ugalde, told Reuters Thursday (July 28) that the two companies are hoping to attract consumers in a country with minimal credit penetration. […]
July 08, 2022
Brazilian lender Creditas is raising $200 million and buying a bank and a mortgage startup in a move to bolster profitability, according to a Friday (July 8) press release. In...
January 25, 2022
Creditas, a Brazilian start-up specializing in insurance, consumer loans and used car sales, has raised $260 million in a funding round that valued the company at $4.8 billion. As the...
September 22, 2019
SoftBank Group is considering a gamble on Brazil and might advise high-growth firms to invest in the country, Reuters reported on Friday (Sept. 21). “We have around 40 companies that...
