Softbank $231 million investment in Creditas

10/7/2019

Financial investment

Value:

$ 231 million

Status:

Announced

Date:

10/7/2019

Overview:

Softbank Group led a $231 million investment in Creditas, a São Paulo-based credit fintech startup.
$200 million of the investment came from Softbank Group through its funds Vision Fund and Latin America Fund.
$31 million came from Vostok Finance, Santander InnoVentures and Amadeus Capital.

Rani Mehta - Latin America Editor

Jurisdiction:

Brazil

Deal type:

Financial investment

Practice area:

M&A

Industry sector:

Financial services

Firms:

Demarest Advogados

Party: SoftBank (Investor)

Lawyers: Fabio de Almeida Braga, Paulo Frank Coelho da Rocha

Orrick Herrington & Sutcliffe

Party: Vostok Emerging Finance (Investor)

Lawyer: Shawn Atkinson

Pinheiro Neto Advogados

Party: Creditas (Target)

Lawyer: Bruno Balduccini

Simpson Thacher & Bartlett

Party: Creditas (Target)

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