Brazilian fintech company Creditas has seen a significant boost in its valuation, now reaching $1.75 billion. This leap in value follows a recent funding round in which Creditas raised $255 million.
The investment round was led by LGT Lightstone and included contributions from Tarsadia Capital, Wellington Management, E. Ventures, and Sunley House Capital, an affiliate of Advent International. Creditas plans to utilize this new capital to expand its loan offerings and support its international growth, particularly by bolstering its operations in Mexico. Additionally, the company aims to introduce new products and services while scaling up its technology team.
