Funding round
Creditas Series C
Creditas, which works in digital lending services in Pereiras, raised $50M in a Series C round announced on 11 Dec 2017, led by VEF. 6 firms took part. It is Creditas' third venture round on record; the one before was a Series B in Feb 2017.
$50M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Creditas did not disclose a valuation in this round. It came 10 months after Creditas' Series B. It is 4.4% of the $1.12B Creditas has raised in the venture rounds on record. Creditas raised again 19 months later: a Series D round of $231M in Jul 2019, at $750M post-money.
Creditas' funding rounds
Creditas has 8 venture rounds on record. This one is highlighted.
- Seed 1 Oct 2013 $1.4M
- Series B 1 Feb 2017, led by International Finance Corporation $19M
- Series C this round 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
VEF led the round with 5 other firms.
Lead investor
- backs 12 venture-backed companies new investor
Also in the round
- Kaszek backs 85 venture-backed companies new investor
- backs 72 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
- International Finance Corporation backs 92 venture-backed companies new investor
- Naspers new investor
Joined the board: Vostok Emerging Finance (VEF) (Vostok Emerging Finance).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $34M, and this round was 1.5 times the median. The closest in time, other companies' Series C rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 6 Nov 2017 | $15M | not disclosed | not named |
| Kiavi Loans & Financing | 17 Oct 2017 | $57M | not disclosed | not named |
| Tala Loans & Financing | 17 Apr 2018 | $50M | not disclosed | Revolution |
| Prodigy Finance Loans & Financing | 21 Aug 2017 | $40M | not disclosed | Index Ventures |
| Loans & Financing | 20 Jul 2017 | $13M | not disclosed | North Atlantic Capital |
| Konfío Loans & Financing | 18 Jun 2018 | $25M | not disclosed | VEF |
| Loans & Financing | 11 Jun 2018 | $22M | not disclosed | CapitalG |
| Loans & Financing | 30 Jul 2018 | $28M | not disclosed | Experian |
Sources
Where this comes from
Reported by 4 sources. 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 C round?
Creditas raised $50M in its Series C round, announced in Dec 2017.
Who led Creditas' Series C round?
VEF led it, with Kaszek, Quona Capital, QED Investors, International Finance Corporation and Naspers.
What was Creditas' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Loans & Financing?
10 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $34M, and this round was 1.5 times the median.
Did Creditas raise again after this round?
Yes: a Series D round in Jul 2019 of $231M at $750M post-money.