Funding round
Creditas Series B
Creditas, which works in digital lending services in Pereiras, raised $19M in a Series B round announced on 1 Feb 2017, led by International Finance Corporation. 13 firms took part, with 2 individual investors. It is Creditas' second venture round on record; the one before was a Seed in Oct 2013.
$19M
Amount raised
Not disclosed
Post-money valuation
13
Investors
1 lead
Valuation
What this round says about the price
Creditas did not disclose a valuation in this round. It came 40 months after Creditas' Seed. It is 1.7% of the $1.12B Creditas has raised in the venture rounds on record. Creditas raised again 10 months later: a Series C round of $50M in Dec 2017. Its next priced round, a Series D in Jul 2019, valued it at $750M.
Creditas' funding rounds
Creditas has 8 venture rounds on record. This one is highlighted.
- Seed 1 Oct 2013 $1.4M
- Series B this round 1 Feb 2017, led by International Finance Corporation $19M
- Series C 11 Dec 2017, led by VEF $50M
- Series D 10 Jul 2019, led by SoftBank Vision Fund, SoftBank Latin America Fund and SoftBank Group $231M$750M post-money
- Series E 18 Dec 2020 $255M$1.75B post-money
- Series F 25 Jan 2022, led by Fidelity Management and Research Company $260M$4.80B post-money
- Growth 8 Jul 2022 $200M$700M post-money
- Series G 1 Dec 2025, led by Andbank Group $108M$3.30B post-money
Investors
Who put money in
International Finance Corporation led the round with 12 other firms.
Lead investor
- International Finance Corporation backs 92 venture-backed companies new investor
Also in the round
- Naspers new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- backs 72 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- backs 64 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- backs 56 venture-backed companies new investor
- Upload Ventures new investor
Individual investors: Michael Brehm and TIM Ringel.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
17 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $14M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tala Loans & Financing | 22 Feb 2017 | $30M | not disclosed | Institutional Venture Partners |
| Loans & Financing | 1 Mar 2017 | $7.6M | not disclosed | Quona Capital and Newid Capital |
| Loans & Financing | 13 Dec 2016 | $10M | not disclosed | Omidyar Network |
| Loans & Financing | 29 May 2017 | $8.9M | not disclosed | not named |
| Loans & Financing | 27 Nov 2016 | $1.0M | not disclosed | not named |
| Loans & Financing | 26 Jun 2017 | $28M | not disclosed | not named |
| Loans & Financing | 23 Jun 2017 | $4.0M | not disclosed | Kae Capital |
| Loans & Financing | 1 Oct 2016 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Creditas raise in its Series B round?
Creditas raised $19M in its Series B round, announced in Feb 2017.
Who led Creditas' Series B round?
International Finance Corporation led it, with Naspers, Redpoint Ventures, Quona Capital, Kaszek and QED Investors and 7 more.
What was Creditas' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Loans & Financing?
17 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $14M, and this round was 1.3 times the median.
Did Creditas raise again after this round?
Yes: a Series C round in Dec 2017 of $50M.