Creditas to Receive $255 Million in Series E Funding Round
12.21.20
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Simpson Thacher is representing Creditas Financial Solutions, Ltd. in its $255 million Series E funding round. New investors in the funding round include LGT Lightstone, Tarsadia Capital, Wellington Management, e.ventures and an affiliate of Advent International, Sunley House Capital. Previous investors including SoftBank Vision Fund, SoftBank Latin America Fund, VEF, Kaszek Ventures and Amadeus Capital Partners also participated in the round, which values Creditas at $1.75 billion.
Creditas is a financial technology company that operates a digital platform offering secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles, as collateral to offer loans.
The Simpson Thacher team includes Naveed Anwar and Fiona Gillan (M&A); Jonathan Goldstein and Brian Mendick (Tax); and David Rubinsky and Eric Wolf (Benefits).