Home Business Creditas Brazilian Fintech gets US$ 50 million from Swedish Fund

Creditas Brazilian Fintech gets US$ 50 million from Swedish Fund

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Creditas, a Brazilian Fintech that provides loans secured by vehicles and real estate, announced on Monday (Dec.11) that it received fresh investments of R $ 165 million (about US $ 50 million) in round led by Vostok Emerging Finance, of Sweden.

Created in 2012, Creditas offers credit by taking real estate or vehicles as collateral. In return, it charges interest rates from 1.15%, lower than those applied for payroll discount financing, one of the lowest in the Brazilian market.